Commentary

B6.707 ATED—amount of tax chargeable and indexation

Business tax
Business tax | Commentary

B6.707 ATED—amount of tax chargeable and indexation

Business tax | Commentary

B6.707 ATED—amount of tax chargeable and indexation

The amount of ATED chargeable is based on the band into which the taxable value (see B6.709) of the SDI falls on the relevant day. The relevant day is the first day of the chargeable period (if the SDI is owned on that date) or the first day on which the person is within the charge to ATED in relation to that interest1.

The amounts shown below are for a full chargeable period (ie 12 months) and are referred to as the annual chargeable amount.

The amount of ATED for a chargeable period in relation to an SDI will either be:

  1.  

    •     the full annual chargeable amount if the chargeable person is within the charge on the first day of the chargeable period2, or

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