One month left to file return with HMRC !
The Annual Tax on “Enveloped” Dwellings (ATED) applies to high value residential property owned by “non natural” bodies such as companies, investment schemes etc.
ATED affects property worth over £2M but liability increases at £5M, £10M and £20M.
Penalties can apply for ‘negligent’ returns and the best way to prevent the allegation of a negligent return is to obtain a professional valuation.
The relevant valuation date is 1st April 2012 but exceptions may apply if there have transactions or significant development since.
Allied Surveyors and Valuers are used to preparing ‘retrospective’ valuations for tax and other purposes.
Ask your accountant to ring 0333 666 7777 or e-mail ATED@alliedsurveyors.comfor further information.