Cookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.
Capital Taxes
Enveloped Dwellings
Annual tax on Enveloped Dwellings (ATED)
The annual charges per property in each of the valuation bands are:
| Property value £ | Annual charge 2020/21 £ | 2021/22 £ | 2022/23 £ | 2023/24 £ |
| Up to 500,000 | Nil | Nil | Nil | Nil |
| 500,001 to 1,000,000 | 3,700 | 3,700 | 3,800 | 4,150 |
| 1,000,001 - 2,000,000 | 7,500 | 7,500 | 7,700 | 8,450 |
| 2,000,001 - 5,000,000 | 25,200 | 25,300 | 26,050 | 28,650 |
| 5,000,001 - 10,000,000 | 58,850 | 59,100 | 60,900 | 67,050 |
| 10,000,001 - 20,000,000 | 118,050 | 118,600 | 122,250 | 134,550 |
| Over £20,000,000 | 236,250 | 237,400 | 244,750 | 269,450 |
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.
For the years 2023/24 to 2027/28 the property valuation is its market value on 1 April 2022, or when acquired, if later. For the previous five years the property valuation point was 1 April 2017, or the date of acquisition if later.
There are a large number of reliefs and exemptions from the charge, and where such a relief applies an ATED relief declaration must be submitted. In other cases where an ATED charge is due the ATED return must be delivered to HMRC and the charge paid by 30 April within the chargeable year that runs from 1 April to 31 March.
Capital Gains Tax
The rates and annual exemption for capital gains tax are as follows:
| 2020/21 | 2021/22 | 2022/23 | 2023/24 | |
| Annual exemption | £12,300 | £12,300 | £12,300 | £6,000 |
| Annual exemption for most trustees and personal representatives | £6,150 | £6,150 | £6,150 | £3,000 |
| Rate for gains within the basic rate band | 10% | 10% | 10% | 10% |
| Rate for gains above the basic rate band | 20% | 20% | 20% | 20% |
| Gains on residential property and carried interest within the basic rate band | 18% | 18% | 18% | 18% |
| Gains on residential property and carried interest above the basic rate band | 28% | 28% | 28% | 28% |
| Rate for gains subject to Business Asset Disposal Relief | 10% | 10% | 10% | 10% |
| Lifetime limit for gains subject to Business Asset Disposal Relief | £1,000,000 | £1,000,000 | £1,000,000 | £1,000,000 |
See our helpsheet an introduction to capital gains tax.
What our clients say about us...
"Paul has provided accountancy services to my company for 2 years now. I can recommend Paul very highly; his skills as an accountant are highly detailed and professional and he is always available to provide advice. One aspect of the way Paul works that I greatly appreciate is a preference to meet face to face when there is a detailed conversation to be had. I personally find this more productive and is a benefit of working with a small accountancy firm that you wouldn't get with the large faceless providers."
ALISTAIR FAIRWEATHER - PROGRAMME & PROJECT MANAGER, DELIVERING/RESCUING I.T. 7 BUSINESS CHANGE WITH BUDGETS UPTO £50M INC SUPPIER MANAGEMENT
"I couldn't ask for more from Paul as an Accountant. Paul has been accountant to Work Relief Charity Recruitment for just over a year now and is proving an invaluable asset. Accurate, knowledgeable, flexible with an emphasis on service delivery, I would recommend Paul's services to any organisation looking for an accounts professional."
Neil Price - Managing Director at Work Relief Charity Recruitment
"Paul was a referral from a family member when I started my business 2 years ago. As this was the first time I had ever run my own company I was totally clueless over the financial side of matters and was worried that I may have made mistakes in any of my accounting. I needn't have worried as after enaging Paul for a set monthly fee he was always there on the end of the phone for all sorts of questions I had and no matter how trivial they were Paul gave me all the information I required and more and did an excellent and painless job at the end of my first year! Couldn't ask for any better to be honest. Just two words - hire him!!!"
Lee Westrap MBCS - Director - Bulldog IT Services
Please complete our form
to request a callback
Competitive fixed quotes
for agreed services
Increase your profit and
reduce tax liabilities
Expert advice for your
business size
