ATED valuations

If your company owns or partly owns a UK residential property valued at more than £500,000 you need to submit an annual tax return for enveloped dwellings (ATED) on or after 1st April in any tax year. Our surveyors provide valuations for this purpose.

Experts in valuation

What do we do?

We conduct valuations for companies who own or part own UK residential property to find out if the value of their property falls within the scope of ATED, the annual tax on enveloped dwellings. Our valuations provide a specific market value of the property which meet HMRC’s ATED requirements.

ATED is an annual tax payable by companies that own or part own UK residential property valued at more than £500,000. You need to complete an ATED tax return if your property is:

  • owned or partly owned by a company, partnership or collective investment scheme.
  • a dwelling (when all or part of the property is used, or could be used as a residence, for example a house or flat and includes any gardens, grounds and buildings within the property) in the UK
  • is valued at more than £500,000 on the 1st April 2017 (or at a later purchase date)

 

We conduct ATED valuations throughout London and the South and can be instructed to provide both initial valuations and revaluations of the property.

The current valuation date for ATED purposes is 1st April 2017. We therefore value properties at this date if owned on or before that date.

We act and advise on

Valuation figures for ATED returns

Revaluation figures for ATED returns

Our service includes

  • Initial advice in respect of ATED 
  • Inspection of the property
  • Reporting the Market Value at the applicable valuation date
  • Liaising with your accountant 

Key things for property owners who need to submit an ATED return to consider

You should instruct a RICS registered valuer, such as KCC to report the market value of any UK residential property

You need a property valuation to confirm which charging band your property falls into and consequently, how much you must pay HMRC

ATED returns must be submitted on or after 1st April each year

We can check if your property falls into the reliefs or exemptions.

Developments and conversions can affect existing valuation figures for a charging period.

For properties owned on or before 1st April 2017, the valuation date is 1st April 2017 You should use 1st April 2012 for the valuation date

For properties owned AFTER 1st April 2017, the valuation date is the date that you acquired the property

For guidance on your individual options, please get in touch

CONTACT US

Valutions for ATED FAQs

If you still have questions regarding your responsibility as a property owner and how to meet your obligations for ATED valuations, our frequently asked questions below try to clear up some common concerns.  

  • Do I need an ATED valuation?

    If your company owns or partly owns a UK residential property valued at more than £500,000 you need to submit an annual tax return for enveloped dwellings (ATED) on or after 1st April in each tax year.  

  • What is ATED? (Annual tax for enveloped Dwellings)

    ATED is an annual tax payable by companies that own or part own UK residential property valuated at more than £500,000. You need to complete an ATED tax return if your property is a dwelling, in the UK, is valued at more than £500,000 and if the property is owned or partly owned by a company, partnership or collective investment scheme.

  • What kind of property is classed as a dwelling?

    For the purpose of ATED, a UK property where all, or part of the property is used, or could be used as a residence. E.g. house or flat including any gardens, grounds and buildings within them). The following kinds of property are NOT classed as a dwelling: hotel, guest house, board school accommodation, hospitals, student halls of residence, military accommodation, care homes, prisons. View https://www.gov.uk/government/publications/annual-tax-on-enveloped-dwellings-technical-guidance for further guidance on classification of a dwelling.

  • When do I need to submit an ATED?

    On or after 1st April each tax year.

  • What tax charging band does my property fall into?

    Once you have your valuation, use this guide or contact HMRC to confirm what charging band your property falls into and see how much you need to pay. https://www.gov.uk/guidance/annual-tax-on-enveloped-dwellings-pre-return-banding-checks#banding-check

  • I have a mixed use property, how is this valued?

    Properties with multiple uses, for example residential and non-residential, a valuation is only required on the residential part

  • I own a block of flats, do I need to value each flat individually?

    If there are multiple self-contained flats, each flat is a dwelling and will need to be valued separately.

Our Team

Michael Darroch

BSc (Hons) MRICS

Chartered Surveyor & RICS Registered Valuer
Michael-DARROCH-1.jpg VIEW PROFILE

Paula Harrington

MRICS

Chartered Surveyor & RICS Registered Valuer
Paula-Harrington-1.jpg VIEW PROFILE

Julia Garrard

BA (Hons) MRICS

Chartered Surveyor and RICS registered Valuer
Garrard-Julia-1.jpg VIEW PROFILE

Get in touch