skip to navigationskip to main content

Phone: 020 8144 8192 

Email:

Choosing a Service

Choosing an accountant that matches your needs

What Our Clients Say

Read the reviews from some of our satisfied clients

icon-free-consultation

Free Initial Consultation

Understanding your accountancy requirements

Request a Callback

Lets talk at a more convenient time for you

Tax Rates & Allowances

Back to Tax Rates & Allowances

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 £
Up to £500,000 Nil
£500,001 - £1,000,000 £3,650
£1,000,001 - £2,000,000 £7,400
£2,000,001 - £5,000,000 £24,800
£5,000,001 - £10,000,000 £57,900
£10,000,001 - £20,000,000 £116,110
Over £20,000,000 £232,350

Capital Gains Tax

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

2019/20 (£)
Annual exemption £12,300
Annual exemption for most trustees and personal representatives £6,000
Rate for gains within the basic rate band 10%
Rate for gains above the basic rate band 20%
Gains on residential property (that do not qualify for private residence relief) within the basic rate band 18%
Gains on residential property (that do not qualify for private residence relief) above the basic rate band 28%
Rate for gains subject to entrepreneurs' relief 10%
Lifetime limit for gains subject to entrepreneurs' relief £1,000,000

Great reasons and promises we make to you which is why you should call us before deciding on your accountant.

Our Promises

We’re a dedicated team which strives to provide success to our clients in regards to all their accountancy needs.

Meet our team