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 2018/19 £ Annual charge 2019/20 £
Up to 500,000 Nil Nil
500,001 to 1,000,000 3,600 3,650
1,000,001 - 2,000,000 7,250 7,400
2,000,001 - 5,000,000 24,250 24,800
5,000,001 - 10,000,000 56,550 57,900
10,000,001 - 20,000,000 113,400 116,110
Over £20,000,000 226,950 232,350

*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:

2018/19 (£) 2019/20 (£)
Annual exemption £11,700 £12,000
Annual exemption for most trustees and personal representatives £5,850 £6,000
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 million £10 million

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

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