What is ATED? ATED is an annual tax payable by ‘non‑natural persons’, such as companies, corporate partnerships and collective investment schemes, that own UK residential property valued at more than £500,000. ATED was introduced in April 2013, and its original
More about Increases to Annual Tax on Enveloped Dwellings (ATED) announcedHigh Value Council Tax Surcharge For many years, the UK stood apart from our European neighbours by not imposing an annual property tax beyond standard council tax. While speculation about a “mansion tax” has circulated for many years, it never
More about Considering investing in a prime residential property in England? Here’s what you need to know about Stamp Duty Land Tax and the new High Value Council Tax SurchargeWider context Carried interest is a share of profits from an investment that is paid to investment managers and general partners in private equity, venture capital, or hedge funds. It is a performance fee that is paid out to fund
More about Private equity and carried interest: preparing for the new rulesUsufructs are a common form of ownership in many countries. They allow a person to occupy a property and receive income, usually for their lifetime. Another person has a right to receive the property after the first interest ends. Names
More about New development – First decision involving usufructs and inheritance taxPlease note that this article was published before the non-dom legislation was finalised and brought into force on 6 April 2025. Are offshore trusts still efficient for UK tax purposes? The Autumn Budget on 30 October 2024 included confirmation of
More about Non-dom reforms: Let’s talk about trustsAre offshore trusts still efficient for UK income tax and capital gains tax? In this article we consider how the 2024 Spring Budget announcements are likely to impact offshore trusts settled by: What are the proposed changes from 6 April
More about Non-dom analysis: TrustsIn 2021, HMRC changed how they would treat the foreign income or gains of a UK resident remittance basis taxpayer when used as collateral for a relevant debt that is brought to or used in the UK (the “Loan“). This
More about Relevant debts, collateral and the remittance basisLegend has it that the two ends of the Channel Tunnel were 50mm apart when the French and English engineers met in the middle. For some, that reinforces the notion that the two countries have never quite seen eye to
More about Quelle surprise! Potential UK taxes for French property ownersIn this article for Globally Speaking, we take a look at recent trends regarding the UK’s annual property company tax, ATED. What is ATED? ATED, or to give it its full name, the Annual Tax on Enveloped Dwellings, is a
More about Annual residential property tax updateHaving quietened down since last year’s Autumn Budget was cancelled, the rumour mill regarding potential tax changes is experiencing a revival as we head towards the next Budget on 3 March. Recent press speculation has touched on various potential reforms
More about Speculate to accumulate: Rumours of tax rises and reforms