When an ATED return is submitted, it is based on the facts known at that point and on the assumption that the facts will not change for the rest of the chargeable period. See B6.707. However, in reality, there will be situations where circumstances change and, as a result, the amount of ATED requires adjustment. In such cases, it is necessary, at the end of the chargeable period, to calculate the adjusted chargeable amount, which is the final ATED liability. If the adjusted chargeable amount is lower than the amount shown in the ATED return (or the latest amended return) an amended return (or further amended return) can be made within the time limit below. If the amount of tax due is increased, the taxpayer must file a return of adjusted chargeable
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