297. Annual Tax on Enveloped Dwellings (ATED).

The Annual Tax on Enveloped Dwellings (ATED) is an annual tax payable by non-natural persons (such as companies) that have a chargeable interest in United Kingdom residential property valued at more than £500,0001.

Charitable companies, public bodies and bodies established for national purposes are exempt from ATED2. Reliefs are available in relation to property rental businesses, property developers and traders, financial institutions acquiring dwellings in the course of lending, dwellings open to the public, occupation by certain employees and partners, farmhouses and providers of social housing