The annual tax on enveloped dwellings (ATED) applies where certain UK residential property is held by a company. It was confirmed that ATED charges will increase in line with inflation. They will therefore rise by 3.1% from 1 April 2022 in line with the September 2021 Consumer Price Index.
Companies and certain other non-natural persons who acquire or hold UK residential property worth £500,000 or more.
The amended rates will apply from 1 April 2022.
The increase to the ATED rates is as expected.