News & Insights

Back to News & Insights Archive

1 October filing deadline for Annual Tax on Enveloped Dwellings

24th August 2015

Annual Tax on Enveloped Dwellings - £1m+ Properties to File by 1 October 2015

ATED now applies to residential properties with a value of £1m or more, owned by companies or other “non-natural persons”.  ATED returns for these properties must be filed by 1 October 2015 (even if a relief is to be claimed), and payment of any tax due must be made by 31 October. 

HMRC has now published its new Relief Declaration forms, to be submitted by companies claiming relief from ATED, for example where they operate a property rental business, a development business or the property is open to the public.  These forms require fewer details than the full ATED return for properties with a value of £2m or more, or for £1m+ properties where tax is due.  In addition, one form will be suffice where a company owns a number of properties where the same relief is being claimed.

Contact Katharine Arthur for further details, advice on ATED and assistance with preparing and filing ATED returns.