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ATED regulations

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The Annual Tax on Enveloped Dwellings Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations, SI 2015/464, take account of the new ATED bands being introduced from 1 April 2015 (for properties with a value of between £1m and £2m) and 1 April 2016 (for properties with a value between £500,000 and £1m) under provisions in FA 2014 ss 109, 110. The amendments ensure that properties within these reduced value bands may be included in arrangements prescribed for disclosure under the DOTAS regime.