The Annual Tax on Enveloped Dwellings (ATED) is a tax charge broadly payable by corporate entities holding UK residential properties valued at more than £500,000.
Enveloped properties must be revalued every 5 years. 2023 to 2024 is a revaluation year and properties must be revalued at 1st April 2022 or date of acquisition, whichever is the later.
If you have an enveloped property to which the rules may apply then you should undertake valuation without delay. If you would like any assistance with the completion of your ATED forms or advice on any exemptions or reliefs which may apply, please get in touch.
