Say hello to Black & White Accountancy – Surrey and Hampshire’s leading ATED accountancy specialists.

Our knowledgeable and experienced team of chartered accountants have a proven track record of delivering expert tax and accountancy advice and services to property entrepreneurs throughout South East England.

Whatever the size of your property company or portfolio, we apply the same personal and knowledge-led approach to all our clients so you can rest assured that when you come to us you’ll be receiving a service tailor-made to your individual requirements.
Do you need to work with an ATED accountant? Get in touch with us today by calling 0800 140 4644, or by emailing [email protected].

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What is Annual Tax on Enveloped Dwellings (ATED)?

If your limited company owns residential property in the UK valued at £500,000 or over, then you are liable to pay the government’s Annual Tax on Enveloped Dwellings (ATED).

If you fall into this category, you’re required to complete an ATED return to HRMC between 1-30 April in any given tax year – or within 30 days if you’re purchasing a new property.

If your limited company owns residential property in the UK valued at £500,000 or over, then you are liable to pay the government’s Annual Tax on Enveloped Dwellings (ATED).

If you fall into this category, you’re required to complete an ATED return to HRMC between 1-30 April in any given tax year – or within 30 days if you’re purchasing a new property.

How do I know if my property is a dwelling?

In the eyes of HRMC, your property is considered a dwelling if all or part of it could be used as a residence – i.e. a house or flat. A dwelling contains any outbuildings, grounds or gardens within them.

Which properties are not considered a dwelling?

Your property is not considered a dwelling if it is a:

• Hospital
• Boarding School
• Hotel
• Guest House or B&B
• Halls of residence
• Social club
• Public house
• Military barracks
• Care home
• Prison

Applicable charges

The annual chargeable amounts for ATED increase annually in line with the Consumer Price Index.  The current chargeable amounts for 1 April 2019 to 31 March 2020 are set out below:

Value of property	Charge (P/A)
£500,000 – £1 million	£3,650
£1 million – £2 million	£7,400
£2 million – £5 million	£24,800
£5 million – £10 million	£57,900
£10 million – £20 million	£116,100
£20 million +	£232,350

It’s worth noting that interest and penalties may be applicable if you fail to file your tax returns or make the appropriate payment on time. HMRC may also charge you if you file a fraudulent or inaccurate ATED return.

Applicable charges

We have experience in preparing and submitting Relief Declaration Returns to HMRC by the due date which may reduce the chargeable amount of ATED to zero. Please get in touch for more information.

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Let us remove the stress of filing your accounts

Our aim is to allow you to focus on the day-to-day running of your property business without worry or stress. As such, we take the time to get to know you and your company so we can advise on any tax opportunities and threats in good time.

In addition to ATED accounting, we can relieve the burden of general tax compliance from you by building a close working relationship with you. This knowledge of you and your business allows us to legitimately and effectively to reduce your tax bill to the minimum legal amount and save you from any HRMC penalties.

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ATED accountants in Hampshire and Surrey

To arrange an informal meeting or to speak to one of our ATED property accountants, get in touch with Black & White Accountancy today by filling in the quick contact form below, or give us a call on 0800 140 4644 or simply email [email protected].