Annual Tax on Enveloped Dwellings ๐Ÿ 

Annual Tax on Enveloped Dwellings

The tax world doesnโ€™t stop turning at the end of the financial year. For owners of limited companies which own high-value residential property over ยฃ500,000, another deadline is fast approaching on 30 April โ€“ to submit Annual Tax on Enveloped Dwellings (ATED) returns.

If your company is subject to ATED but meets certain requirements, you may be able to claim a reduction in the amount you have to pay before the return deadline.

You could claim a reduction if, for example, any of the following apply:

  • The property is open to the public for at least 28 days per year
  • It is a farmhouse occupied by a farm worker
  • It is owned by a registered provider of social housing
  • The property is repossessed by a financial institution
  • It is let to a third party on a commercial basis and not occupied by anyone connected to its owner

Do this before 30 April to benefit from this yearโ€™s allowance in full.

Please get in touch if you need advice on this or any other topic ๐Ÿ‘‡

๐Ÿ“ž 01432 276393
๐Ÿ“ฉ info@thornewidgery.co.uk

https://www.thornewidgery.co.uk/contact-us/