No property development trade? No relief!
Companies holding residential property in the UK need to be wary of the annual tax on enveloped dwellings (ATED) (FA 2013, Pt 3, Schs 33-35). ATED is charged annually on companies (and other ‘non-natural persons’) that hold an interest in a UK residential dwelling (a ‘single-dwelling interest’) worth more than a statutory threshold. ATED may… Read More »