When is an ATED return required?

The normal filing and payment date for properties falling into this new band is by 30 April each year.

ATED is an annual tax payable, mainly by companies, that own UK residential property valued at more than £500,000.

ATED returns must only be submitted on or after 1 April in any chargeable period, and must be submitted to the Revenue by the 30 April.

ATED returns are completed in advance with returns for the year 2017/18 being due in by 30 April 2017.

Contact Tiffin Green’s tax department on 01277 224422 when you need help completing an ATED, we’ll also identify any reliefs and exemptions – note there is only the small window of the month of April to submit an ATED return.

You’ll need to complete an ATED return if your property:

• Is a dwelling, for example a residence such as a house or flat
• Is in the UK
• Was valued at more than: £500,000 on 1 April 2012, or at acquisition if later, for returns from 2017 to 2018.
• Is owned completely or partly by a company, a partnership where one of the partners is a company or a collective investment scheme - for example a unit trust or an open ended investment vehicle

Chargeable amounts for 1 April 2017 to 31 March 2018

Properties will need to be re-valued at 1 April 2017, which will form the basis of returns for the period beginning 1 April 2018 (for 2018/19)

We can guide you through possible reliefs and exemptions from the tax, which may mean you don’t have to pay. Contact us today.