Our website uses cookies to enhance the visitor experience (what's a cookieCookies 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.). Are you happy for us to use cookies during your visits?
Please note: continuing without making a choice equates to giving us your consent, which you can withdraw at any time via our cookies policy page.

Email Us

 

Capital Taxes

Enveloped Dwellings

The annual tax on enveloped dwellings (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. There are a large number of reliefs and exemptions from the charge, but where such a relief does not apply the ATED charge must be paid by 30 April within the year at the following rates:

Property value £ Annual charge 2018/19 £ Annual charge 2019/20 £
Up to 500,000 Nil Nil
500,001 to 1,000,000 3,600 3,650
1,000,001 - 2,000,000 7,250 7,400
2,000,001 - 5,000,000 24,250 24,800
5,000,001 - 10,000,000 56,550 57,900
10,000,001 - 20,000,000 113,400 116,110
Over £20,000,000 226,950 232,350

*2018/19 figures were announced at Autumn Budget 2017 and are subject to enactment.

Capital Gains Tax

The rates and annual exemption for capital gains tax are as follows:

2018/19 (£) 2019/20 (£)
Annual exemption £11,700 £12,000
Annual exemption for most trustees and personal representatives £5,850 £6,000
Rate for gains within the basic rate band 10% 10%
Rate for gains above the basic rate band 20% 20%
Gains on residential property (that do not qualify for private residence relief) within the basic rate band 18% 18%
Gains on residential property (that do not qualify for private residence relief) above the basic rate band 28% 28%
Rate for gains subject to entrepreneurs" relief 10% 10%
Lifetime limit for gains subject to entrepreneurs" relief £10 million £10 million

*2018/19 figures were announced at Autumn Budget 2017 and are subject to enactment.

Newsletter Icon

JOIN OUR NEWSLETTER

Sign up with your email to get updates about
resources releases, tax news and special offers.

Consultation

  • Business Advice
  • BUSINESS ADVICE
  • Personalised Service
  • PERSONALISED SERVICE