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Tax Rates & Allowances

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Capital Taxes

Enveloped Dwellings

The annual tax on enveloped dwellings (ATED) applies where a residential property located in the UK is owned by a non- natural person such as; a company, partnership with a corporate member or a collective investment scheme. There are a large number of reliefs and exemptions from the charge, but where such a relief does not apply the ATED charge must be paid by 30 April within the year at the following rates:

Property value Annual charge 2017/18 £ Annual charge 2018/19 £*
Up to £500,000 Nil Nil
£500,001 - £1,000,000 £3,500 £3,600
£1,000,001 - £2,000,000 £7,050 £7,250
£2,000,001 - £5,000,000 £23,550 £24,250
£5,000,001 - £10,000,000 £54,950 £56,550
£10,000,001 - £20,000,000 £110,100 £113,400
Over £20,000,000 £220,350 £226,950

*2018/19 figures were announced at Autumn Budget 2017 and are subject to enactment.

Capital Gains Tax

The rates and annual exemption for capital gains tax are as follows:

2017/18 (£) 2018/19 (£)*
Annual exemption £11,300 £11,700
Annual exemption for most trustees and personal representatives £5,650 £5,850
Rate for gains within the basic rate band 10% 10%
Rate for gains above the basic rate band 20% 20%
Gains on residential property (that do not qualify for private residence relief) within the basic rate band 18% 18%
Gains on residential property (that do not qualify for private residence relief) above the basic rate band 28% 28%
Rate for gains subject to entrepreneurs' relief 10% 10%
Lifetime limit for gains subject to entrepreneurs' relief £10,000,000 £10,000,000

*2018/19 figures were announced at Autumn Budget 2017 and are subject to enactment.

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