Annual Tax on Enveloped Dwellings (ATED)

ATED – tax returns due by 1 October 2013

ATED_TaxAgility Accountants LondonThe deadline is fast approaching for submission of your tax return if you own a property worth more than £2m.

The Annual Tax on Enveloped Dwellings or ATED (previously called the Annual Residential Property Tax) is a tax payable by any company that owns a high value residential property (a 'dwelling'). It was introduced earlier this year and came into effect from 1 April 2013 and will be payable each year. The tax deadline for submission of your ATED return is 1 October 2013.

To follow is a brief summary of what ATED is and what to do if you are affected by it.
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