Tax Rates & Allowances
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Capital Taxes
Enveloped Dwellings
When a non-natural person owns a residential property in the UK, such as a company, a partnership with a corporate member, or a collective investment scheme, the annual tax on enclosed dwellings (ATED) applies. There are numerous exclusions and reliefs from the charge, but if none apply, the ATED charge must be paid by 30 April of the following year at the following rates:
| Property value £ | Annual charge 2020/21 £ | 2021/22 | 2022/23 |
| Up to 500,000 | Nil | Nil | Nil |
| 500,001 to 1,000,000 | 3,700 | 3,700 | 3,800 |
| 1,000,001 - 2,000,000 | 7,500 | 7,500 | 7,700 |
| 2,000,001 - 5,000,000 | 25,200 | 25,300 | 26,050 |
| 5,000,001 - 10,000,000 | 58,850 | 59,100 | 60,900 |
| 10,000,001 - 20,000,000 | 118,050 | 118,600 | 122,250 |
| Over £20,000,000 | 236,250 | 237,400 | 244,750 |
Capital Gains Tax
The rates and annual exemption for capital gains tax are as follows:
| 2020/21 (£) | 2021/22 | 2022/23 | |
|---|---|---|---|
| Annual exemption | £12,300 | £12,300 | £12,300 |
| Annual exemption for most trustees and personal representatives | £6,150 | £6,150 | £6,150 |
| Rate for gains within the basic rate band | 10% | 10% | 10% |
| Rate for gains above the basic rate band | 20% | 20% | 20% |
| Gains on residential property (that do not qualify for private residence relief) within the basic rate band | 18% | 18% | 18% |
| Gains on residential property (that do not qualify for private residence relief) above the basic rate band | 28% | 28% | 28% |
| Rate for gains subject to Business Asset Disposal Relief | 10% | 10% | 10% |
| Lifetime limit for gains subject to Business Asset Disposal Relief | £1,000,000 | £1,000,000 | £1,000,000 |
