Do you need to complete an ATED return?

20th April 2017

Property tax is a very complex area and it is possible that you will need to complete an ATED return if your property...

  • is a dwelling
  • is in the UK
  • was valued at more than £2m on 1 April 2012 (or at acquisition if later) for returns from 2013 to 2014 onwards
  • was valued at more than £1m on 1 April 2012 (or at acquisition if later) for returns from 2015 to 2016 onwards
  • was valued at more than £500k on 1 April 2012 (or at acquisition if later) for returns from 2016 to 2017 onwards
  • is owned completely or partly by a company, partnership (where one of the partners is a company), collective investment scheme (eg. a unit trust or an open ended investment vehicle) 

A new ATED band came into effect on 1 April 2016 for properties valued between £500k and £1m.  The normal filing and payment date for properties falling into this new band is 30 April 2016. 

ATED returns must only be submitted on or after 1 April in any chargeable period. 

There are reliefs and exemptions from the tax, which may mean you don't have to pay.  Some properties are not classed as dwellings. These include...

  • hotels
  • guest houses
  • boarding school accommodation
  • hospitals
  • student halls or residence
  • military accommodation
  • care homes
  • prisons

For more information on ATED or to discuss how ABG might be able to help you with your property tax affairs, please contact our property tax experts on 020 7330 0000.