Anyone want a peek at the draft of the Annual Tax on Enveloped Dwellings return form? Thought so. HMRC has released a copy so that relevant property owners can “familiarise themselves” with the process, and fix themselves something strong and liquid to ease the pain of paying up to an extra £140,000 a year to the Treasury.
ATED targets “non-natural persons” who own a property valued at £2m+ through a corporate set-up. Its only relevant to people whose property is all of these:
- The number of corporate wrap homes has dropped by 6.3%February 16, 2016
- Westminster generating over half of UK ATED receiptsFebruary 1, 2016
- Treasury coffers boosted by ATED hikeJune 6, 2016