ATED in a nutshell

1. Applies to Companies owning residential properties valued over £500k
2. Relief given if let on commercial basis.
3. Valuation

• Initial – Date of Purchase
• Subsequent – 1st April 2012 and then every 5 years i.e. 1st April 2017, 1st April 2022 and so on.

4. Tax year runs from 1st April to 31st March.
5. Tax return due date

• Initial – within 30 days of purchase
• Subsequent – by 30th April during the tax year i.e. for tax year 1st April 2018 to 31st March 2019. Return must be submitted by 30th April 2018.

6. ATED UTR – we get a 15 digit UTR on registration
7. To file a return no need to wait for UTR.

Source:
ATED Return Notice