farmhouse© Tim Scrivener
More company-owned farmhouses could be hit by a hefty annual tax over the next two years unless their owners apply for relief from the charge. The Annual Tax on Enveloped Dwellings (ATED) came into effect on 1 April 2013 and is payable by companies owning high value residential property in the UK. Originally charged on properties worth more than £2m, the threshold reduces to £1m in 2015-16, with a charge of £7,000 applicable to properties worth between £1m and £2m. Then […]