UK residential property owned by a ‘non-natural person’ (UK or non-UK) will be affected. This includes properties owned by:
- Companies.
- 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.
| Property Value | 2020/21 | 2021/22 | 2022/23 | 2024/25 |
| Over £500k - £1m | £3,700 | £3,700 | £3,800 | £4,000 |
| £1m - £2m | £7,500 | £7,500 | £7,700 | £9,000 |
| £2m - £5m | £25,200 | £24,300 | £26,050 | £30,550 |
| £5m - £10m | £58,850 | £59,100 | £60,900 | £71,500 |
| £10m - £20m | £118,050 | £118,600 | £122,250 | £143,550 |
| Over £20m | £236,250 | £237,400 | £244,750 | £287,500 |
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