Statutory Instruments
2016 No. 401
Annual Tax On Enveloped Dwellings
The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order 2016
Made
17th March 2016
The Treasury make the following Order in discharge of the duty imposed by section 101(5) of the Finance Act 2013( 1 ).
Citation
1. This Order may be cited as the Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order 2016.
Chargeable amounts
2. The amounts that are to be the annual chargeable amounts for the chargeable period beginning on 1st April 2016 by virtue of section 101 (indexation of annual chargeable amounts) of the Finance Act 2013 are determined in accordance with the following table, by reference to the taxable value of the interest on the relevant day.
| Annual chargeable amount | Taxable value of the interest on the relevant day |
|---|---|
| £3,500 | More than £500,000 but not more than £1 million. |
| £7,000 | More than £1 million but not more than £2 million. |
| £23,350 | More than £2 million but not more than £5 million. |
| £54,450 | More than £5 million but not more than £10 million. |
| £109,050 | More than £10 million but not more than £20 million. |
| £218,200 | More than £20 million. |
George Hollingbery
Charlie Elphicke
Two of the Lords Commissioners of Her Majesty’s Treasury
17th March 2016