Capital Taxes
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Enveloped Dwellings
Annual tax on Enveloped Dwellings (ATED)
The annual charges per property in each of the valuation bands are:
| Property value £ | Annual charge 2020/21 £ | 2021/22 £ | 2022/23 £ | 2023/24 £ | 2024/25 £ | 2025/26 £ |
| Up to 500,000 | Nil | Nil | Nil | Nil | Nil | Nil |
| 500,001 to 1,000,000 | 3,700 | 3,700 | 3,800 | 4,150 | 4,400 | 4,450 |
| 1,000,001 – 2,000,000 | 7,500 | 7,500 | 7,700 | 8,450 | 9,000 | 9,150 |
| 2,000,001 – 5,000,000 | 25,200 | 25,300 | 26,050 | 28,650 | 30,550 | 31,050 |
| 5,000,001 – 10,000,000 | 58,850 | 59,100 | 60,900 | 67,050 | 71,500 | 72,700 |
| 10,000,001 – 20,000,000 | 118,050 | 118,600 | 122,250 | 134,550 | 143,550 | 145,950 |
| Over £20,000,000 | 236,250 | 237,400 | 244,750 | 269,450 | 287,500 | 292,350 |
ATED applies where a residential property located in the UK is owned by a non-natural person such as; a company, partnership with a corporate member or a collective investment scheme.
For the years 2023/24 to 2027/28 the property valuation is its market value on 1 April 2022, or when acquired, if later. For the previous five years the property valuation point was 1 April 2017, or the date of acquisition if later.
Capital Gains Tax
The rates and annual exemption for capital gains tax are as follows:
| 2022/23 | 2023/24 | 2024/25 | 2025/26 | |
| Annual exemption | £12,300 | £6,000 | £3,000 | £3,000 |
| Annual exemption for most trustees and personal representatives | £6,150 | £3,000 | £1,500 | £1,500 |
| Rate for gains within the basic rate band | 10% | 10% | 10/18%* | 18%* |
| Rate for gains above the basic rate band | 20% | 20% | 20/24%* | 24%* |
| Gains on residential property and carried interest within the basic rate band | 18% | 18% | 18% | – |
| Gains on carried interest within the basic rate band | – | – | – | 32% |
| Gains on residential property above the basic rate band | 28% | 28% | 24% | 24% |
| Gains on carried interest above the basic rate bandband | 28% | 28% | 28% | 32% |
| Rate for gains subject to Business Asset Disposal Relief | 10% | 10% | 10% | 14% |
| Rate for gains subject to Investors’ Relief | 10% | 10% | 10% | 14% |
| Lifetime limit for gains subject to Business Asset Disposal Relief | £1m | £1m | £1m | £1m |
| Lifetime limit for gains subject to Investors’ Relief | £10m | £10m | £10m/£1m* | £1m |
* Rate/limit before and after 30 October 2024