From Wikipedia, the free encyclopedia

Annual Tax on Enveloped Dwellings (ATED) is a tax in the United Kingdom. It is payable by companies that own a UK residential property valued at more than £500,000. [1]

The tax was introduced on 1 April 2013 by Part 3 of the Finance Act 2013. There are certain reliefs and exemptions available. [2]

Revenue peaked at £178m in 2015-2016, but has since declined. [3] In 2019-2020, about 86% of ATED receipts were from London. The London boroughs of Westminster, followed by Kensington & Chelsea, dominate the receipts by location. [4]

References

  1. ^ "Annual Tax on Enveloped Dwellings". GOV.UK. Retrieved 10 November 2021.
  2. ^ ""Annual tax on enveloped dwellings - overview"". lexisnexis.com. Retrieved 11 November 2021.
  3. ^ ""ATED Receipts by band from 2013-14 to 2019-20"". Retrieved 11 November 2021.
  4. ^ "Annual UK ATED Statistics Commentary". GOV.UK. Retrieved 11 November 2021.