Major & Co Solicitors

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Tax on company owned residential property due to rise from 1st April 2019

Annual Tax on Enveloped Dwellings (ATED) was first introduced in 2013 and is paid by companies that own UK residential property valued at more than £500,000.

Except where an exemption or relief is available from 1st April 2019 to 31 March 2020 the following new rates of tax levy will apply:

Property value:
Over £500,000 up to £1 million – annual charge £3,650
Over £1 million up to £2 million – annual charge £7,400
Over £2 million up to £5 million – annual charge £24,800
Over £5 million up to £10 million – annual charge £57,900
Over £10 million up to £20 million – annual charge £116,100
Over £20 million – annual charge £232,350

If you need help with an investment purchase the please feel free to contact our team.

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