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Statutory Instruments

2024 No. 379

ANNUAL TAX ON ENVELOPED DWELLINGS

The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order 2024

Made

14th March 2024

The Treasury, in discharge of the duty imposed by section 101(5) of the Finance Act( 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 2024.

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 2024 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
£4,400 More than £500,000 but not more than £1 million.
£9,000 More than £1 million but not more than £2 million.
£30,550 More than £2 million but not more than £5 million.
£71,500 More than £5 million but not more than £10 million.
£143,550 More than £10 million but not more than £20 million.
£287,500 More than £20 million.

Mike Wood

Scott Mann

Two of the Lords Commissioners of His Majesty's Treasury

14th March 2024

( 2 )

“ Relevant day ” and “ taxable value ” are defined by, respectively, sections 99(5) and 102 of the Finance Act 2013. Section 102 was amended by section 71 of the Finance Act 2015 (c. 11) .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order 2024 (2024/379)

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