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ATED is one of the most overlooked taxes, and it is very easy to miss the compliance matters on ATED. Also, there is no requirement within the legislation for HMRC to issue a filing notice for an ATED return. The penalties legislation is the same as other tax returns. Therefore, clients can easily rake up to £1,600.00 of late filing fees. In February 2025 HMRC have sent out one to many letters (nudge letters) – ATED avoidance Qualifying Business Property Relief. The benefit would be for practitioners to ensure that they clients are compliant with ATED and in turn introduce a new revenue stream for the practice and / or expand on an existing ATED services revenue stream. Also, when clients are not fully compliant you will learn what steps to take to get clients complaint. We will also look at the HMRC nudge letters.

A brief introduction to Mansion Tax – April 2028 onwards, start discussion with clients.

In this session Viral Haria will cover the following topics:

•  Brief history
• ATED Valuation
• ATED charge
• ATED Relief and possible relief claims
• HMRC nudge letters
• Time limits
• HMRC penalties on late submission and late payment of ATED liabilities
• A new Tax! Mansion tax – April 2028 onwards – start informing clients?

By attending this session, you will have a better understanding of how ATED works and what to look out for. Communicate with clients in a timely manner to ensure that they are ATED compliant. Extend their services by including ATED compliance services.

This session will be of most interest to:

• Tax Practitioners and Accountants dealing with ATED matters
• Solicitors and Lawyers dealing with ATED matters
• Property agents dealing with high value UK residential property portfolios
• UK property investors and UK property developers who hold and / or develop UK residential property in structures

Course level: Foundation