Logo Square

Otley: 01943855700  Mob: 07918167134  email: amy@bfandsl.co.uk

Work Smarter, Increase Profitability, Re-Invest Wisely

We’ll help you develop clear long, medium and short term goals for what you
want to achieve and develop a roadmap to get you there.

Tailored Advice For Your Business Needs

We act for a wide range of businesses and offer services and packages
ideally tailored to suit your requirements.

Capital Taxes

Enveloped Dwellings

The annual tax on enveloped dwellings (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. There are a large number of reliefs and exemptions from the charge, but where such a relief does not apply the ATED charge must be paid by 30 April within the year at the following rates:

Property value £ Annual charge 2018/19 £ Annual charge 2019/20 £
Up to 500,000 Nil Nil
500,001 to 1,000,000 3,600 3,650
1,000,001 - 2,000,000 7,250 7,400
2,000,001 - 5,000,000 24,250 24,800
5,000,001 - 10,000,000 56,550 57,900
10,000,001 - 20,000,000 113,400 116,110
Over £20,000,000 226,950 232,350

*2018/19 figures were announced at Autumn Budget 2017 and are subject to enactment.

Capital Gains Tax

The rates and annual exemption for capital gains tax are as follows:

2018/19 (£) 2019/20 (£)
Annual exemption £11,700 £12,000
Annual exemption for most trustees and personal representatives £5,850 £6,000
Rate for gains within the basic rate band 10% 10%
Rate for gains above the basic rate band 20% 20%
Gains on residential property (that do not qualify for private residence relief) within the basic rate band 18% 18%
Gains on residential property (that do not qualify for private residence relief) above the basic rate band 28% 28%
Rate for gains subject to entrepreneurs" relief 10% 10%
Lifetime limit for gains subject to entrepreneurs" relief £10 million £10 million

*2018/19 figures were announced at Autumn Budget 2017 and are subject to enactment.

Arc_image

All initial consultations are free of charge. We are here to help young and growing as well as established businesses to realise their full potential.

We believe that all entrepreneurs have an inherent genie which we try to help them realise to release.