Do you own residential property through a limited company, a partnership with a company member or a collective investment scheme?
If you haven’t registered to use HMRCs online service, you have until the 1 April 2022 to register. The ATED period is 1 April 2022 to 31 March 2023, where you own a residential property on 1 April 2022 that is contained with a limited company, returns for that period must be filed by 30 April 2022. You can begin populating an online ATED return for 2022 to 2023 from around mid-March, but can’t submit it before 1 April.
This applies to residential properties (dwellings) within the company with a taxable value of over £500k. The taxable value is its value at 1 April 2022, or if acquired after, its cost. This value applies to each individual property and not the value of the portfolio as a whole.
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