UK residential property owned by a ‘non-natural person’ (UK or non-UK) will be affected. This includes properties owned by:
- Collective investment schemes.
- Partnerships, one or more of whose members is a company.
- Some foundations, but not trusts owning property directly.
If you are caught by the ATED, the following bands and annual tax rates will apply.
|Over £500k - £1m||£3,500||£3,500||£3,600|
|£1m - £2m||£7,000||£7,050||£7,250|
|£2m - £5m||£23,350||£23,550||£24,250|
|£5m - £10m||£54,450||£54,950||£56,550|
|£10m - £20m||£109,050||£110,100||£113,400|
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