In a recent article here, we outlined the changes which were announced in the March 2014 Budget relating to ATED (Annual Tax on Enveloped Dwellings). This follow on article covers the administrative aspects, reliefs and exemptions that are available.

What is the administrative process for completing ATED returns?
An ATED period lasts for one year and begins on 1 April each year. If a property falls within the scope of ATED, you must complete and send HMRC an ATED return by 30 April at the beginning of each ATED period. So for the ATED period beginning on 1 April 2014 and ending on 31 March 2015, both the return and the payment were due on 30 April 2014.

If a property first falls within ATED on a date after 1 April in an ATED period, the return and payment are due within 30 days if the property is purchased, or 90 days if the property is newly built.