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ATED applies to residential properties in the UK worth over £2 million which are owned by a company, or through certain other 'envelope' structures. Charges are based on bands of house value, rising from £15,400 to £143,750. There are many reliefs that can remove or reduce the charge, but in order to claim a relief, an ATED return must be submitted. The 2014/15 ATED return and tax due must reach HMRC by 30 April 2014.
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