The latest charges for Annual Tax on Enveloped Dwellings (ATED) for the period 2017 to 2018, which were released as part of the Autumn Statement, have risen to reflect the September 2016 consumer price index (CPI)
The new charges will apply from 1 April 2017 to March 2018.
ATED is an annual tax payable mainly by companies that own UK residential property valued at more than £500,000.
The annual charge is calculated using a banding system based on the value of the property.
The table below shows the 2016 to 2017 charges within each property band and what the revised 2017 to 2018 charges will be, as well as how much the charge has increased by:
Taxable value of the property | Current annual chargeable amounts for the 2016 to 2017 period | Annual chargeable amounts for the | Changes |
£500,001 to £1,000,000 | £3,500 | £3,500 | no change |
£1,000,001 to £2,000,000 | £7,000 | £7,050 | £50 |
£2,000,001 to £5,000,000 | £23,350 | £23,550 | £200 |
£5,000,001 to £10,000,000 | £54,450 | £54,950 | £500 |
£10,000,001 to £20,000,000 | £109,050 | £110,100 | £1,050 |
£20,000,001 and over | £218,200 | £220,350 | £2,150 |
