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B6.705 ATED—charge to tax

This article covers the circumstances in which a charge to ATED arises. For details of the person liable to the tax see B6.706 and for the amount of tax chargeable see B6.707.

The following conditions must apply on any day (a 'chargeable day') for ATED to be charged for a 'chargeable period' which includes that day¹:

1. Ìý

   •ÌýÌýÌýÌý an interest (referred to as a 'single-dwelling interest' or SDI, see B6.720) in a UK dwelling (see B6.725 onwards) exists of taxable value (see B6.709) greater than £500,000, and

2. Ìý

   •ÌýÌýÌýÌý a company, partnership or collective investment scheme meets the ownership condition in relation to that interest

See B6.702 and B6.703 for the interpretation of company, partnership and collective investment scheme for the purposes of the ATED legislation.

A chargeable period for ATED runs annually from 1 April each year². The 2024/25 period therefore runs from 1 April 2024 to 31 March 2025. Where a property which is liable to ATED is held on the first day of a chargeable