Time to reconsider corporate ownership?

Helen Marsh and Elizabeth Small outline how the complex tax landscape has shifted to make corporate ownership of residential property more popular again.

The tax landscape for corporate bodies holding residential property has changed beyond all recognition in the past six years. The annual tax on enveloped dwellings (ATED), ATED-related capital gains tax (CGT) and the 15% stamp duty land tax (SDLT) flat rate charge on what used to be called “mansions” (those costing £500,000 or more, which soon included modest properties in London) caused a rush to de-envelope properties that were used as homes rather