The Annual Tax on Enveloped Dwellings (ATED) return for 2021 to 31 March 2022, and any tax due for the year, is due by 30 April 2021.<\/p>\n
<\/p>\n
What is the ATED?<\/strong><\/p>\n The ATED is a system that came into force on 1 April 2013 regarding UK residential properties worth over \u00a32 million and owned by either businesses or corporate partnership.<\/p>\n In 2015, the system extended to properties worth over \u00a31 million and then in 2016 to properties worth more than \u00a3500,000.<\/p>\n How much is the return charge?<\/strong><\/p>\n The ATED return is due by 30 April 2021, and the tax charge cost is based on the property\u2019s value. The amount can range from \u00a33,700 up to a maximum of \u00a3237,400 across six bands of value determined by reference to a property\u2019s value – on 1 April 2017 or its original cost if acquired after this date.<\/p>\n Are there exemptions from the charge?<\/strong><\/p>\n Property rental businesses, dealers and developers are exempt from the charge, which needs claiming through an annual \u201cnil return\u201d. If a company does not submit this claim in the correct amount of time, companies could receive penalties.<\/p>\n How do I file an ATED?<\/strong><\/p>\n In 2017, HM Revenue and Customs introduced a new online ATED filing service, which became mandatory in April 2018. The online system involves a registration process, and an agent can file it for a company.<\/p>\n A revaluation exercise will be required soon when new ATED charges start, depending on how the coronavirus pandemic will affect the property values.<\/p>\n For more information on related issues, please contact us today.\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The Annual Tax on Enveloped Dwellings (ATED) return for 2021 to 31 March 2022, and any tax due for the year, is due by 30 April 2021.<\/p>\n","protected":false},"author":2,"featured_media":4057,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,38,24,30,31,60,121,42,69,7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4055"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=4055"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4055\/revisions"}],"predecessor-version":[{"id":4056,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4055\/revisions\/4056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media\/4057"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=4055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=4055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=4055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}