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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 2019/20 £ 2020/21 2021/22
Up to 500,000 Nil Nil Nil
500,001 to 1,000,000 3,650 3,700 3,700
1,000,001 - 2,000,000 7,400 7,500 7,500
2,000,001 - 5,000,000 24,800 25,200 25,300
5,000,001 - 10,000,000 57,900 58,850 59,100
10,000,001 - 20,000,000 116,110 118,050 118,600
Over £20,000,000 232,350 236,250 237,400

Capital Gains Tax

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

2019/20 (£) 2020/21 2021/22
Annual exemption £12,300 £12,300 £12,300
Annual exemption for most trustees and personal representatives £6,000 £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 entrepreneurs" relief 10% 10% 10%
Lifetime limit for gains subject to entrepreneurs" relief £1,000,000 £1,000,000 £1,000,000
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