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    You are in: Home » Resources » Tax Centre » Tax Rates And Allowances » Tax Rates

    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 2020/21 £ 2021/22 2022/23
    Up to 500,000 Nil Nil Nil
    500,001 to 1,000,000 3,700 3,700 3,800
    1,000,001 - 2,000,000 7,500 7,500 7,700
    2,000,001 - 5,000,000 25,200 25,300 26,050
    5,000,001 - 10,000,000 58,850 59,100 60,900
    10,000,001 - 20,000,000 118,050 118,600 122,250
    Over £20,000,000 236,250 237,400 244,750

    Capital Gains Tax

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

    2020/21 (£) 2021/22 2022/23
    Annual exemption £12,300 £12,300 £12,300
    Annual exemption for most trustees and personal representatives £6,150 £6,150 £6,150
    Rate for gains within the basic rate band 10% 10% 10%
    Rate for gains above the basic rate band 20% 20% 20%
    Gains on residential property (that do not qualify for private residence relief) within the basic rate band 18% 18% 18%
    Gains on residential property (that do not qualify for private residence relief) above the basic rate band 28% 28% 28%
    Rate for gains subject to Business Asset Disposal Relief 10% 10% 10%
    Lifetime limit for gains subject to Business Asset Disposal Relief £1,000,000 £1,000,000 £1,000,000

     

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