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Historic ATED Rates and Charges
The Annual Tax on Enveloped Dwellings (ATED) charge you owe depends on both your property's value and which tax year you're filing for. If you're submitting a late or amended return, you'll need to use the correct historic rates for the year in question, not the current year's figures.
The Annual Tax on Enveloped Dwellings (ATED) charge you owe depends on both your property's value and which tax year you're filing for. If you're submitting a late or amended return, you'll need to use the correct historic rates for the year in question, not the current year's figures.
What is ATED?
ATED is an annual tax that companies, partnerships with a corporate member, and certain collective investment schemes must pay if they own UK residential property valued above certain thresholds. The tax was introduced on 1 April 2013 and the rates are adjusted most years in line with inflation.
The amount you pay is determined by which value band your property falls into. These bands and their associated charges have changed over time, both in terms of the rates themselves and the threshold at which ATED starts to apply.
Why you need historic rates
You'll need to refer to historic ATED rates in several situations:
- You're filing a late return for a previous tax year
- You're amending a return you've already submitted
- You're checking whether you paid the correct amount in earlier years
- You're calculating potential penalties or interest on underpaid amounts
Always use the rates that applied during the actual chargeable period (which runs from 1 April to 31 March), not the rates in force when you're filing.
Historic ATED rates by tax year
2023/24 (1 April 2023 to 31 March 2024)
- More than £500,000 up to £1 million: £4,150
- More than £1 million up to £2 million: £8,450
- More than £2 million up to £5 million: £28,650
- More than £5 million up to £10 million: £67,050
- More than £10 million up to £20 million: £134,550
- More than £20 million: £269,450
2022/23 (1 April 2022 to 31 March 2023)
- More than £500,000 up to £1 million: £3,800
- More than £1 million up to £2 million: £7,700
- More than £2 million up to £5 million: £26,050
- More than £5 million up to £10 million: £60,900
- More than £10 million up to £20 million: £122,250
- More than £20 million: £244,750
2021/22 (1 April 2021 to 31 March 2022)
- More than £500,000 up to £1 million: £3,700
- More than £1 million up to £2 million: £7,500
- More than £2 million up to £5 million: £25,300
- More than £5 million up to £10 million: £59,100
- More than £10 million up to £20 million: £118,600
- More than £20 million: £237,400
2020/21 (1 April 2020 to 31 March 2021)
- More than £500,000 up to £1 million: £3,700
- More than £1 million up to £2 million: £7,500
- More than £2 million up to £5 million: £25,200
- More than £5 million up to £10 million: £58,850
- More than £10 million up to £20 million: £118,050
- More than £20 million: £236,250
2019/20 (1 April 2019 to 31 March 2020)
- More than £500,000 up to £1 million: £3,650
- More than £1 million up to £2 million: £7,400
- More than £2 million up to £5 million: £24,800
- More than £5 million up to £10 million: £57,900
- More than £10 million up to £20 million: £116,100
- More than £20 million: £232,350
2018/19 (1 April 2018 to 31 March 2019)
- More than £500,000 up to £1 million: £3,600
- More than £1 million up to £2 million: £7,250
- More than £2 million up to £5 million: £24,250
- More than £5 million up to £10 million: £56,550
- More than £10 million up to £20 million: £113,400
- More than £20 million: £226,950
2017/18 (1 April 2017 to 31 March 2018)
- More than £500,000 up to £1 million: £3,500
- More than £1 million up to £2 million: £7,050
- More than £2 million up to £5 million: £23,550
- More than £5 million up to £10 million: £54,950
- More than £10 million up to £20 million: £110,100
- More than £20 million: £220,350
2016/17 (1 April 2016 to 31 March 2017)
- More than £500,000 up to £1 million: £3,500
- More than £1 million up to £2 million: £7,000
- More than £2 million up to £5 million: £23,350
- More than £5 million up to £10 million: £54,450
- More than £10 million up to £20 million: £109,050
- More than £20 million: £218,200
2015/16 (1 April 2015 to 31 March 2016)
Note: The £500,000 to £1 million band did not apply in this year.
- More than £1 million up to £2 million: £7,000
- More than £2 million up to £5 million: £23,350
- More than £5 million up to £10 million: £54,450
- More than £10 million up to £20 million: £109,050
- More than £20 million: £218,200
2014/15 (1 April 2014 to 31 March 2015)
Note: Only properties valued above £2 million were subject to ATED in this year.
- More than £2 million up to £5 million: £15,400
- More than £5 million up to £10 million: £35,900
- More than £10 million up to £20 million: £71,850
- More than £20 million: £143,750
2013/14 (1 April 2013 to 31 March 2014)
Note: ATED was first introduced in this year and only applied to properties valued above £2 million.
- More than £2 million up to £5 million: £15,000
- More than £5 million up to £10 million: £35,000
- More than £10 million up to £20 million: £70,000
- More than £20 million: £140,000
Key changes over time
When ATED was first introduced in April 2013, it only applied to properties worth more than £2 million. The threshold was lowered to £1 million from April 2015, and then to £500,000 from April 2016, bringing many more properties into scope.
The charges within each band have increased year on year, with the exception of 2016/17 when rates remained the same as the previous year.
Sources
This article provides general guidance based on current HMRC rules. For advice specific to your situation, speak to your accountant.
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