This briefing note is only intended as a general statement of the law and no action should be taken in reliance on it without specific legal advice.

Pay attention to ATED
Andrew Goldstone
24 April 2015

Pay attention to ATED

The 30 April 2015 deadline for 2015/16 Annual Tax on Enveloped Dwellings (ATED) returns is fast approaching.

Companies owning UK residential properties worth more than £2 million should file their returns and pay any ATED due by 30 April 2015 to avoid penalties.

From 6 April 2015, ATED now also applies to company-owned UK residential properties that were worth between £1million and £2million on 1 April 2012 or the purchase date if later.  The deadline for filing ATED returns for properties in this new band is 1 October 2015 and ATED must be paid by 31 October 2015.

For any ATED-related queries, please contact Andrew Goldstone or another member of the Mishcon de Reya Tax Group.