Statutory Instruments
2020 No. 341
Annual Tax On Enveloped Dwellings
The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order 2020
Made
23rd March 2020
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 2020.
Chargeable amounts
2. The amounts that by virtue of section 101 of the Finance Act 2013 (indexation of annual chargeable amounts) are to be the annual chargeable amounts for chargeable periods beginning on or after 1st April 2020 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 |
|---|---|
| £3,700 | More than £500,000 but not more than £1 million. |
| £7,500 | More than £1 million but not more than £2 million. |
| £25,200 | More than £2 million but not more than £5 million. |
| £58,850 | More than £5 million but not more than £10 million. |
| £118,050 | More than £10 million but not more than £20 million. |
| £236,250 | More than £20 million. |
David Rutley
Iain Stewart
Two of the Lords Commissioners of Her Majesty’s Treasury
23rd March 2020
“Relevant day” is defined in section 99(5) of the Finance Act 2013.