Capital Taxes

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 2013/14 £ Annual charge 2014/15 £
Up to 2,000,000 Nil Nil
2,000,001 - 5,000,000 15,000 15,400
5,000,001 - 10,000,000 35,000 35,900
10,000,001 - 20,000,000 70,000 71,850
Over £20,000,000 140,000 143,750

From 1 April 2015 the ATED charge is to be extended to properties with value of £1m to £2m. Then from 1 April 2016 the ATED charge will be extended to properties worth £500,001 to £1 million. The 15% rate of Stamp Duty Land Tax on such properties worth over £500,000 comes into effect from 20 March 2014 - see below.

Capital Gains Tax

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

2013/14 (£) 2014/15 (£)
Annual exemption £10,900 £11,000
Annual exemption for most trustees and personal representatives £5,450 £5,500
Rate for gains within the basic rate band 18% 18%
Rate for gains 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

Contact us for all your accounting needs


Exel accountants is an accountancy firm based in Watford Hertfordshire. Exel accountants are a firm of qualified and experienced accountants specialising in providing accounting and taxation services to new and established businesses.


Exel Accountancy Ltd
31 The metro Centre,
Dwight Road,
Watford, WD18 9SB
0192 351 7300


Scroll to Top