Annual Tax on Enveloped Dwellings

UK residential properties known as ‘enveloped dwelling’ 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 … Read More