ATED Returns for the period 1 April 2019 to 31 March 2020 must be filed and any tax due paid by 30 April 2019.
The ATED regime apples to residential properties owned by non-natural persons such as companies worth over £500,000 as at 1 April 2017 (or their value on acquisition, if later).
The charges for 2019/2020 are as follows:
|1.||More than £500,000 to £1M||£ 3,650|
|2.||More than £1M to £2M||£ 7,400|
|3.||More than £2M to £5M||£ 24,800|
|4.||More than £5M to £10M||£ 57,900|
|5.||More than £10M to £20M||£116,100|
|6.||More than £20M||£232,350|
ATED Reliefs (which should be claimed) are available in certain instances, such as commercial rentals.
Contact Robert Drysdale for further information and assistance.