# Finance Act 2014, Section 110: ATED: further reduction in threshold from 1 April 2016


(1) Part 3 of FA 2013 (annual tax on enveloped dwellings) is amended as follows.
(2) In section 94(2)(a) (charge to tax), for “£1 million” substitute “ £500,000 ”.
(3) In section 99 (amount of tax chargeable), in the table in subsection (4), before the first entry insert—
£3,500More than £500,000 but not more than £1 million.
(4) The amendments made by this section have effect for chargeable periods beginning on or after 1 April 2016.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/110 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-110
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.