The Annual Tax on Enveloped Dwellings (“ATED”) was introduced in April 2013 as part of a series of measures designed to discourage corporate ownership of UK residential property.
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The Annual Tax on Enveloped Dwellings (“ATED”) was introduced in April 2013 as part of a series of measures designed to discourage corporate ownership of UK residential property.
In the Summer Budget, the Government formally announced their long promised plans to increase the Inheritance Tax threshold. In summary, your estate will be entitled to a new tax free allowance (the “MRNRB”) if a direct descendant inherits your home. This Blog will not outline the details of MRNRB but highlight some examples of individuals for whom it will provide little or no benefit:-