ATED reliefs available when company owns director's house

Hello there, If a UK company owns a residential property worth > £500k and it is lived in by one of the company directors (also a 50% shareholder), is ATED (Annual Tax on Enveloped Dwellings) due, or are any reliefs available in this instance? The company uses this address as their registered office, although the actual business activities do not take place there. Does that make any difference? Would HMRC contact the company if ATED was due? Many thanks, Rachel

Hi,

You can see guidance here:

Annual Tax on Enveloped Dwellings

 You can also call the ATED general enquiries for advice.

Call HMRC for general enquiries about ATED

Thank you.