Statutory Instruments
2019 No. 401
Annual Tax On Enveloped Dwellings
The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order 2019
Made
28th February 2019
The Treasury, in discharge of the duty imposed by section 101(5) of the Finance Act 2013( 1 ), make the following Order:
Citation
1. This Order may be cited as the Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order 2019.
Chargeable amounts
2. The amounts that by virtue of section 101 (indexation of annual chargeable amounts) of the Finance Act 2013 are to be the annual chargeable amounts for chargeable period beginning on or after 1st April 2019 are determined in accordance with the following table, by reference to the taxable value of the interest on the relevant day( 2 ).
| Annual chargeable amount | Taxable value of the interest on the relevant day |
|---|---|
| £3,650 | More than £500,000 but not more than £1 million. |
| £7,400 | More than £1 million but not more than £2 million. |
| £24,800 | More than £2 million but not more than £5 million. |
| £57,900 | More than £5 million but not more than £10 million. |
| £116,100 | More than £10 million but not more than £20 million. |
| £232,350 | More than £20 million. |
Rebecca Harris
Jeremy Quin
Two of the Lords Commissioners of Her Majesty’s Treasury
28th February 2019
“Relevant day” is defined in section 99(5) of the Finance Act 2013.