9:04 AM, 26th June 2014, About 8 years ago 12
I have just read that properties held in companies within the UK are subjected to ATED (Annual Tax on Enveloped Dwellings) charge.
At the following rates
2 million levy 15000 every year
1 million levy 7500 every year from 2015
500.00 levy 3500 every year from 2016
I think this is when the one single property is of this value not the whole portfolio.
But whats to say that in 2018 they decide 250,000 a levy as to be paid, that will catch many out.
Also like CGT the level will probably never increase so eventually it could be every property.
What are people in this situation thinking of doing? Of course depending on which government gets in this could also change to portfolio ‘s over the above values.