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Everything you need to know about ATED
If your company owns property worth more than £500,000, then the likelihood is that you will be required to pay the Annual Tax on Enveloped Dwellings (‘ATED’) each year on your investment. The decision to tax properties owned by limited companies was an attempt to deter corporate ownership of residential property in the UK and,…
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Recap: Capital Gains Tax Changes
Almost 12 months ago, we posted a blog noting the changes coming in Capital Gains Tax (‘CGT’) which took effect from 6 April 2020. However, we are constantly having conversations with individuals selling residential properties who are completely unaware of the changes. We therefore thought it would useful to recap these changes, to raise awareness.…