½Û×ÓÊÓƵ

This article considers the relief from ATED which is available for a property rental business both in cases where a property is actually being let and also where preparatory steps are being taken for it to be let in the future. For the effect of ATED reliefs, see B6.745.

Relief is available from ATED (ie a day is a relievable day; see B6.745) where a single-dwelling interest¹:

1. Ìý

   (a)ÌýÌýÌýÌý is being exploited as a source of rents or other receipts (other than 'excluded rents') in a 'qualifying property rental business' carried on by a person beneficially entitled to the interest, or

2. Ìý

   (b)ÌýÌýÌýÌý is not currently generating receipts but steps are being taken to secure that the interest will, 'without undue delay', be so exploited in a qualifying property rental business that is being carried on, or is to be carried on, by a person beneficially entitled to the interest

Relief under (b) can provide relief in situations prior to first occupation or for periods in between tenants.

A day is not a relievable