Chancellor Widens ATED Tax Net in Budget 2014

The Chancellor in his 2014 Budget has announced an extension of the Annual Tax on Enveloped Dwellings (“ATED”). ATED imposes an annual tax charge on residential property worth £2m or more held within corporates. The Chancellor has announced the charge is to be extended to a broader range of residential property, so that as of…

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ATED Filing Deadline

The first filing date for properties within the charge at 1 April 2013 is 1 October 2013 and payment must be made by 31 October 2013. A snappy précis on Annual tax on enveloped dwellings (ATED) prepared by Farrer & Co.