Mandatory tax return for rental properties in UK – even if not rented out!
If any company (wherever that company is incorporated) holds residential property in the UK, an annual tax return (“ATED”) must be filed. Even if no tax is due because, for example, the property is not rented out but has a value of over £500,000, a tax of at least £3,700 is due and must be declared by means of an ATED return.