Cookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.
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 2019/20 £ |
| Up to 500,000 | Nil |
| 500,001 to 1,000,000 | 3,650 |
| 1,000,001 - 2,000,000 | 7,400 |
| 2,000,001 - 5,000,000 | 24,800 |
| 5,000,001 - 10,000,000 | 57,900 |
| 10,000,001 - 20,000,000 | 116,110 |
| Over £20,000,000 | 232,350 |
Capital Gains Tax
The rates and annual exemption for capital gains tax are as follows:
| 2019/20 (£) | |
| Annual exemption | £12,300 |
| Annual exemption for most trustees and personal representatives | £6,000 |
| Rate for gains within the basic rate band | 10% |
| Rate for gains above the basic rate band | 20% |
| Gains on residential property (that do not qualify for private residence relief) within the basic rate band | 18% |
| Gains on residential property (that do not qualify for private residence relief) above the basic rate band | 28% |
| Rate for gains subject to entrepreneurs" relief | 10% |
| Lifetime limit for gains subject to entrepreneurs" relief | £1,000,000 |