ATED is an annual tax payable by companies, partnerships or investment schemes that own or, part own UK residential property valued at more than £500,000.
You need to complete an ATED tax return if your property is:
- Owned or partly owned by a company, partnership or collective investment scheme.
- A dwelling (when all or part of the property is used, or could be used as a residence, for example a house or flat and includes any gardens, grounds and buildings within the property) in the UK.
- Is valued at more than £500,000 on the 1st April 2022 (or at a later purchase date).