Updated ATED Tax Rates

The 2024/25 annual tax on enveloped dwellings (ATED) filing window opens on 1st April 2024 and closes on 30th April 2024. Corporate owners of qualifying residential property will need to file an ATED return during this window, even if, due to a relief, they have no ATED to pay. 

If you own property worth over a certain amount through a corporate vehicle, you are likely to be liable for ATED. The amount you need to pay depends on the value of your property. On 14th March 2024, the Treasury announced the latest tax rates for properties owned by companies under the ATED rules. The rates of ATED from 1st April 2024 are set out below. 

Property owners or investors are responsible for staying up to date with their tax filings and meeting their compliance obligations. If you require any advice in relation to your ATED filing please contact one of the Forsters’ Corporate Tax team.  

Value of the asset Annual chargeable amount 
Over £500,000 up to £1 million £4,400
Over £1 million up to £2 million £9,000
Over £2 million up to £5 million £30,550
Over £5 million up to £10 million £71,500
Over £10 million up to £20 million £143,550
Over £20 million £287,500

 

 

 

 

 

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