Statutory Instruments
2021 No. 245
Annual Tax On Enveloped Dwellings
The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order 2021
Made
3rd March 2021
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 2021.
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 2021 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. |
| £25,300 | More than £2 million but not more than £5 million. |
| £59,100 | More than £5 million but not more than £10 million. |
| £118,600 | More than £10 million but not more than £20 million. |
| £237,400 | More than £20 million. |
Maggie Throup
Rebecca Harris
Two of the Lords Commissioners of Her Majesty’s Treasury
3rd March 2021
“Relevant day” and “taxable value” are defined by sections 99(5) and 102 of the Finance Act 2013. Section 102 was amended by section 71 of the Finance Act 2015 (c. 11) .