ATED (Annual Tax on Enveloped Dwellings) Explained
an annual tax payable mainly by companies that own UK residential property
valued at more than £500,000. It
was introduced in 2013 to discourage the use of corporate structures to own
residential property, which can deprive the government of stamp duty and other
You’ll need to
complete an ATED return
if your property:
is a dwelling
is in the UK
was valued at more than:
£2 million (for returns from 2013 to 2014 onwards)
£1 million (for returns from 2015 to 2016 onwards)
£500,000 (for returns from 2016 to 2017 onwards)
is owned completely or partly by a:
partnership where any of the partners is a company
collective investment scheme — for example a unit trust or an
open ended investment vehicle
Returns must be
submitted on or after 1 April in any chargeable period.
Why is it recommended to obtain a RICS Red Book valuation of a property
for ATED purposes?
- Accuracy: RICS Registered Valuers are highly qualified and
experienced professionals who use a rigorous methodology to assess the
value of your property.
- Independence: RICS Registered Valuers are independent and
impartial, so you can be confident that your valuation will be fair
- Compliance: RICS Red Book valuations comply with the
requirements of the ATED legislation.
- Peace of mind: A RICS Red Book valuation can give you peace of
mind knowing that your property is being valued in accordance with the
highest professional standards.
Here are some of the benefits of using Henry Adams Chartered Surveyors:
knowledge: Our valuers have a deep understanding of the local
property market in West Sussex and the factors that affect the value of
residential property in the area.
We have access to hundreds of historic comparable transactions and can
provide you with a more accurate and informed historic valuation of your
property if required.
- Reputation: We
have a reputation for providing high-quality valuation services.
- Transparency: We
will provide you with a clear and concise valuation report that explains
how we arrived at our valuation. We will also be happy to answer any
questions you have about the valuation process or the value of your
Henry Adams Chartered Surveyors are a leading provider of RICS Red Book
valuation services in West Sussex. We have a team of experienced and qualified
valuers who can help you with all of your ATED valuation needs. Please do not
hesitate to get in touch on 01243 215840 should you wish to discuss any aspect
of the above or if you would like us to provide a fee quote for a Red Book