Annual Tax on Enveloped Dwellings

UK residential properties held through –non-natural persons (i.e. companies, certain partnerships) will be taxed according to valuations taken on 1 April 2017. The threshold above which Annual TAx on Enveloped Dwellings (‘ATEP’) is applied has fallen in recent years.

From 1 April 2016, the charge is levied on properties valued at in excess of £500,000.

The government is urging those responsible for an enveloped dwelling to obtain a valuation of the property as at 1 April 2017. A return for the period 1 April to 31 March 2018 is due by 30 April 2017, together with the associated tax.

If you would like more information about this, please contact Helen Sewell on or call Helen on 01527 558539.

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