The annual tax on enveloped dwellings (ATED) applies where a residential property located in the UK is owned by a non- natural person such as; a company, partnership with a corporate member or a collective investment scheme. There are a large number of reliefs and exemptions from the charge, but where such a relief does not apply the ATED charge must be paid by 30 April within the year at the following rates:
| Property value | Annual charge 2018/19 £ | Annual charge 2019/20 £* |
|---|---|---|
| Up to £500,000 | Nil | Nil |
| £500,001 - £1,000,000 | £3,600 | £3,650 |
| £1,000,001 - £2,000,000 | £7,250 | £7,400 |
| £2,000,001 - £5,000,000 | £24,250 | £24,800 |
| £5,000,001 - £10,000,000 | £56,550 | £57,900 |
| £10,000,001 - £20,000,000 | £113,400 | £116,110 |
| Over £20,000,000 | £226,950 | £232,350 |
*2018/19 figures were announced at Autumn Budget 2017 and are subject to enactment.
The rates and annual exemption for capital gains tax are as follows:
| 2018/19 (£) | 2019/20 (£)* | |
|---|---|---|
| Annual exemption | £11,700 | £12,000 |
| Annual exemption for most trustees and personal representatives | £5,850 | £6,000 |
| Rate for gains within the basic rate band | 10% | 10% |
| Rate for gains above the basic rate band | 20% | 20% |
| Gains on residential property (that do not qualify for private residence relief) within the basic rate band | 18% | 18% |
| Gains on residential property (that do not qualify for private residence relief) above the basic rate band | 28% | 28% |
| Rate for gains subject to entrepreneurs' relief | 10% | 10% |
| Lifetime limit for gains subject to entrepreneurs' relief | £10,000,000 | £10,000,000 |
*2018/19 figures were announced at Autumn Budget 2017 and are subject to enactment.