The Annual Tax on Enveloped Dwellings (ATED) rates payable for chargeable periods beginning on or after 1 April 2023 have been set by the Government as follows:
| Annual chargeable amount | Value of the interest on the relevant day |
| GBP 4,150 | More than GBP 500,000 but not more than GBP 1 million |
| GBP 8,450 | More than GBP 1 million but not more than GBP 2 million |
| GBP 28,650 | More than GBP 2 million but not more than GBP 5 million |
| GBP 67,050 | More than GBP 5 million but not more than GBP 10 million |
| GBP 134,550 | More than GBP 10 million but not more than GBP 20 million |
| GBP 269,450 | More than GBP 20 million |
The rates have been increased by 10.1% compared to the 2022/23 chargeable period, in line with the September 2022 CPI.
For 2023/24 chargeable period the value of the interest to be used is either the one on 1 April 2022 if the interest was held at that date or the one at acquisition if acquired at a later date.
ATED returns for that period must be submitted between 1 April and 30 April 2023 and the any liability is payable by 30 April 2023.
