Annual Tax on Enveloped Dwellings
The topic of Annual Tax on Enveloped Dwellings is one that has captured the attention of many people as of late. With a long history and constant relevance in society, Annual Tax on Enveloped Dwellings is a topic that has generated debate and reflection in different sectors. From its impacts on daily life to its influence on politics and culture, Annual Tax on Enveloped Dwellings has proven to be a multifaceted topic that deserves to be explored in depth. In this article, we will delve into the different aspects of Annual Tax on Enveloped Dwellings, analyzing its origins, evolution and its relevance in today's world.
| Taxation in the United Kingdom |
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Annual Tax on Enveloped Dwellings (ATED) is a tax in the United Kingdom. It is payable by companies that own a UK residential property valued at more than £500,000.[1]
The tax was introduced on 1 April 2013 by Part 3 of the Finance Act 2013. There are certain reliefs and exemptions available.[2]
Revenue peaked at £178m in 2015-2016, but has since declined.[3] In 2019-2020, about 86% of ATED receipts were from London. The London boroughs of Westminster, followed by Kensington & Chelsea, dominate the receipts by location.[4]
References
- ^ "Annual Tax on Enveloped Dwellings". GOV.UK. Retrieved 10 November 2021.
- ^ ""Annual tax on enveloped dwellings - overview"". lexisnexis.com. Retrieved 11 November 2021.
- ^ ""ATED Receipts by band from 2013-14 to 2019-20"". Retrieved 11 November 2021.
- ^ "Annual UK ATED Statistics Commentary". GOV.UK. Retrieved 11 November 2021.
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