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