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 amountValue of the interest on the relevant day
GBP 4,150More than GBP 500,000 but not more than GBP 1 million
GBP 8,450More than GBP 1 million but not more than GBP 2 million
GBP 28,650More than GBP 2 million but not more than GBP 5 million
GBP 67,050More than GBP 5 million but not more than GBP 10 million
GBP 134,550More than GBP 10 million but not more than GBP 20 million
GBP 269,450More 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.