Statute
Section 110 — Finance Act 2014: ATED: further reduction in threshold from 1 April 2016
Text of the provision Official document
ATED: further reduction in threshold from 1 April 2016 110 1 Part 3 of FA 2013 (annual tax on enveloped dwellings) is amended as follows.
2 In section 94(2)(a) (charge to tax), for “£1 million” substitute “ £500,000 ” .
3 In section 99 (amount of tax chargeable), in the table in subsection (4), before the first entry insert— £3,500 More than £500,000 but not more than £1 million.
4 The amendments made by this section have effect for chargeable periods beginning on or after 1 April 2016.
Official source: legislation.gov.uk
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