Annual Tax on Enveloped Dwellings (ATED)

ATED applies to ‘high value’ residential properties owned via a corporate structure, unless the property is used for a qualifying purpose. The tax applies to properties valued at more than £500,000.

Property valueAnnual charge to
31.3.202031.3.2019
£0.5m – £1m£3,650£3,600
£1m – £2m7,4007,250
£2m – £5m24,80024,250
£5m – £10m57,90056,550
£10m – £20m116,100113,400
Over £20m232,350226,950

Stamp Duty Land Tax (SDLT), Land and Buildings Transaction Tax (LBTT) and Land Transaction Tax (LTT)

Residential property (1st property only)
SDLT – England & NI
£000
RateLBTT – Scotland
£000
RateLTT – Wales
£000
Rate
Up to 125NilUp to 145NilUp to 180Nil
125 – 2502%145 – 2502%180 – 2503.5%
250 – 9255%250– 3255%250 – 4005.0%
925 – 1,50010%325 – 75010%400 – 7507.5%
Over 1,50012%Over 75012%750 – 1,50010.0%
Over 1,50012.0%

A supplement of 3% of the total purchase price applies for all three taxes where an additional residential property is purchased for more than £40,000 (unless replacing a main residence). It is also payable by all corporate purchasers. The rate is 3% (LBTT: 4%) of the total purchase price.

For SDLT:

– First-time buyers purchasing a property of up to £500,000 pay a nil rate on the first £300,000 of purchase price.

– A rate of 15% may apply to the total purchase price, where the property is valued above £500,000 and purchased by a ‘non-natural person’ (e.g. a company).

For LBTT, first-time buyer relief increases the nil rate band to £175,000.

Non-residential or mixed use property
SDLT – England & NI
£000
RateLBTT – Scotland
£000
RateLTT – Wales
£000
Rate
Up to 150NilUp to 150NilUp to 150Nil
150 – 2502%150 – 2501%150 – 2501%
Over 2505%Over 2505%250 – 1,0005%
Over 1,0006%