Monday 1 April 2013

Annual Tax on Enveloped Dwellings starts today – and it’s not an April fool!

The Annual Tax on Enveloped Dwellings  (ATED) comes into force today and is a tax levied on high value ( £2 +million) residential  property located in the UK that is owned by a company.  Various corporate vehicles are defined as “owners” and are within the scope of the tax, including investment companies and unit trusts.