The paper sets out two options.
Option 1: retain the current filing date but allow those customers who are eligible to claim a relief from ATED for more than one property and who do not have an ATED liability, to submit a supplementary return after the end of the chargeable period. While this appears to be aimed primarily at those who manage large property portfolios, this will assist any members who have to file a return for 2 or more properties.
Option 2: Introduce a “status” regime for those entitled to claim a relief. It is suggested that this will apply for 3 or 5 years. This may be of assistance to more of our members within the ATED regime, particularly when more properties are brought within it once the thresholds are lowered.