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Annual Tax on Enveloped Dwellings (ATED) Valuations

Friday, 11th November 2016 | by: Steve Hobbs

The Annual Tax on Enveloped Dwellings (ATED) applies to companies that own residential property in the UK. The charge is levied annually, and depends upon the value of the property at the relevant valuation date. The valuation date 1st April 2012 for properties acquired before that date. For properties acquired after 1st April 2012 the valuation date is the date of acquisition.

Value of property at valuation date ATED charge for 2016/17
£500,001 to £1,000,000 £3,500
£1,000,001 to £2,000,000 £7,000
£2,000,001 to £5,000,000 £23,350
£5,000,001 to £10,000,000 £54,450
£10,000,001 to £20,000,000 £109,050
Over £20,000,000 £218,200

All company owned residential property worth over £500,000 will need to be revalued on 1st April 2017 and, depending on its value at that date, will be re-banded accordingly in the following financial year. It is important that owners submit accurate figures to the HMRC in order to avoid being charged penalties and late payment interest.

Our team of Chartered Surveyors provide ATED valuations throughout London. Our ATED valuations are prepared in accordance Part III of the Finance Act 2013 and the RICS Valuation – Professional Standards 2014 (the Red Book). As such they can be relied upon as a sound basis on which to submit your annual return, and ought to stand up to any scrutiny by HMRC or the District Valuer. You can contact the team be telephone on 020 7183 2578 or by email.