ATED Relief
ATED Relief
Our ATED tax advisor expertise helps clients successfully claim Annual Tax on Enveloped Dwellings (ATED) relief.
ATED is applied to all residential property worth over £500,000 owned by a non-natural person, such as a company. This tax is one of the few charged in April at the start of the tax year.
ATED ranges from £3,500 to £236,250, depending on the property value, so relief savings can be large. However, if the property’s use changes during the year, then updated ATED returns/relief claims will be required.
ATED is just one of the many specialist property tax advice services we can provide to reduce your taxes.
ATED Case Study
The ATED problem
A client transferred their portfolio of properties into a company to reduce tax liabilities. However, this triggered a potential ATED issue.
How We Helped
The clients’ properties qualified for relief, and we helped them to do so.
However, one property probably fell outside of the ATED regime.
We advised the client that the consequences of HMRC disputing this meant they might not have claimed relief. This was an expensive risk so we advised the client to claim relief just in case.
The Result
Relief was successfully claimed on all properties. The client now enjoys reduced tax on their entire property portfolio.
You’ll be pleased you did.
Contact us early to help us apply for ATED relief. You’ll be pleased you did.