ATED ahead? The Annual Tax on Enveloped Dwellings

The next publicised event in the tax calendar will be the Budget. Printer deadlines mean that this issue of Trusts & Estates will have gone to press before the editor has had a chance to consider what the Chancellor has had to say. With an imminent General Election, and a particularly high level of uncertainty as to the outcome, the terms of the Budget may in any event be overtaken by events. This article will instead concentrate on a ‘forthcoming attraction’ trailed in the 2014 Budget. This is the planned reduction in the valuation thresholds at which the Annual Tax on Enveloped Dwellings (ATED) will apply.