ATED is an annual tax payable mainly by companies that own UK residential property valued at more than £500,000. Returns must be submitted on or after 1 April in any chargeable period. Your property is a dwelling if all or part of it is used, or could be used, as a residence, for example a house or flat. It includes any gardens, grounds and buildings within them.

Some of the properties that are not included as dwellings are as follows: 

  • hotels
  • guest houses
  • boarding school accommodation
  • hospitals
  • student halls of residence
  • military accommodations
  • care homes
  • prisons

When to file ATED Return?

  • Companies that own within the regime must submit an annual ATED return to HMRC between 1 April to 30 April each year. The ATED return is prepared to 31 March annually irrespective of when the company's year end is, and unlike other tax returns, ATED is forward-looking. E.g. the return for 31 March 2022 will have to be submitted to HMRC by 30 April 2021.
  • Usually, the return must be submitted by 30 April if the property is within the scope of ATED on 1 April, within 30 days of acquisition if your property comes within the scope of ATED after 1 April. For a newly built property, within 90 days of the earliest of the date of your property becoming a dwelling for Council Tax Purpose or its first occupancy.

When you will be charged a penalty and interest?

  • when you do not file your return on time
  • when you do not pay on time
  • when you submit an inaccurate return

How will we help you with your ATED Planning and ATED Returns ?

As a firm of chartered certified accountants, we provide expert service in preparing and filing ATED Returns. Unlike ordinary accountants, we understand the specific accounting issues faced by the property sector, so the whole process would be hassle-free.