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ICAEW's Tax Faculty's provides a summary of the announcements on property tax in the Autumn Budget 2021.

Annual tax on enveloped dwellings 

The annual tax on enveloped dwellings (ATED) will rise by 3.1% from 1 April 2022 in line with the September 2021 CPI.

The rates are as follows: 

Property value

Charge for tax year 2022/23

Charge for tax year 2021/22

More than £500,000, but not more than £1m

£3,800

£3,700

More than £1m, but not more than £2m £7,700 £7,500
More than £2m, but not more than £5m £26,050 £25,300
More than £5m, but not more than £10m £60,900 £59,100
More than £10m, but not more than £20m £122.250 £118,600
More than £20m £244,750 £237,400

Note: the charge applies for years beginning on 1 April and ending on 31 March, rather than tax years. There are fixed revaluation dates for all properties and the next date is 1 April 2022, regardless of when the property was acquired.

Residential property developer tax

Real estate investment trusts

ICAEW Know-How from the Tax Faculty

This guidance is created by the Tax Faculty, recognised internationally as a leading authority and source of expertise on taxation. The Faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.

Budget webinar

The Tax Faculty reflected on the Chancellor's announcements in this essential webinar. Freely available, watch the recording to find out what the Autumn Budget 2021 could mean for you and your clients.

Analysis from ICAEW's experts on the Autumn Budget 2021 and the comprehensive spending review published on 27 October 2021.
More on Autumn Budget 2021

Read the rest of the Tax Faculty's summary of the tax related announcements in the Autumn Budget on 27 October 2021.

Read now