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ATED Valuations

Save Money and Time with Our ATED Valuations

Does your company own a residential property? If it’s in London with a value exceeding £500,000, you may be subject to Annual Tax on Enveloped Dwellings.

A RICS Registered Valuer can determine your property’s value with pinpoint accuracy and help identify legal ways to minimise your financial burden.

We can also help you avoid legal reprisal and financial penalties. In the process, we’ll provide you with the valuation report you need for your accountant to calculate your tax obligations without delay.

At Novello Chartered Surveyors, we’re London’s modern and mobile team of RICS Registered Valuers and Surveyors, providing a host of expert property services to businesses and residents in the City.

If you haven’t obtained an ATED valuation for nearly five years, now’s the time to call our efficient, prompt and high-value RICS Valuers.

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What you need to know about ATED valuations

ATED is levied by the government on any property that can be classified as a dwelling. I.e., any building used by a company that could at least partly be used for residential purposes.

The following properties are exempt from the ATED scheme:

  • Hospitals
  • Hotels
  • Guest house
  • Military accommodation
  • Boarding school accommodation
  • Prisons
  • Student halls
  • Care homes

The ATED Scheme was updated in 2016. Now, any dwelling – provided its value exceeds half a million pounds – owned in partnership with a company or an investor may be subject to ATED. If you’re unsure of your obligations, require advice or need a valuation, don’t hesitate to call us.

How much ATED do I owe?

The ATED Scheme was updated in 2016. Now, any dwelling – provided its value exceeds half a million pounds – owned in partnership with a company or an investor may be subject to ATED. If you’re unsure of your obligations, require advice or need a valuation, don’t hesitate to call us.

This is the current banding system as of April 1 2019:

Property value Annual charge
More than £500,000 up to £1 million £3,650
More than £1 million up to £2 million £7,400
More than £2 million up to £5 million £24,800
More than £5 million up to £10 million £57,900
More than £10 million up to £20 million £116,100
More than £20 million £232,350

Do I really need at ATED valuation?

Obtaining an accurate and impartial valuation from a RICS Valuer helps ensure you don’t pay too much tax based on your property’s value. Moreover, getting a valuation report every five years is a legal requirement.

Your accountant can use your ATED valuation to determine how much tax you’ll pay for your dwelling for the next five years. 2020 is here. If you haven’t obtained an ATED valuation since 2015, now’s the time to call our experts.

ATED valuations – the benefits

Our valuations are much more than just a legal requirement. They enable you to:

  • Minimise your tax obligations

    Discover which exemptions and tax reliefs are available to you.

  • Avoid legal recourse

    Don’t let an inaccurate or unprofessionally calculated valuation result in financial penalties.

  • Plan your budget

    ATED is an unavoidable expense. Find out how it will affect the planning of your finances for the next five years by obtaining a valuation.

  • Avoid delays

    Let our RICS Valuers produce an error-free report so that nothing interferes with your business operations.

Call the mobile team of property experts at Novello

At Novello, our Valuers come to you and handle all the paperwork remotely, enabling you to concentrate on what you do best while we crunch the numbers.

We can help you save potentially thousands, prevent legal disputes, plan your budget, and offer invaluable advice.

If you want to learn more about ATED valuations in London or discuss your needs with a forward-thinking RICS Registered Valuer, contact us by chat, phone or email.

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