Commentary

B6.772 ATED return of adjusted chargeable amount

Business tax
Business tax | Commentary

B6.772 ATED return of adjusted chargeable amount

Business tax | Commentary

B6.772 ATED return of adjusted chargeable amount

It is sometimes necessary to submit to HMRC a further return for an ATED period, called 'a return of the adjusted chargeable amount' (see B6.715). While an amended return is one which changes the information on the original ATED return because of an error (such as realisation that a relief can be claimed), a return of adjusted chargeable amount is broadly one on which there is a change in circumstances (perhaps because a relief previously claimed no longer meets the relevant conditions at some point during the year) and additional tax is due. A return of the adjusted chargeable amount will be required if the first or second condition described below is met1.

The first condition is that2:

  1.  

    •     the person has not made a claim to interim relief

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