This article describes the administrative provisions for enquiries, assessments, appeals and other matters relating to ATED. For the making and amendment of ATED returns see B6.771–B6.772 and for payment of ATED see B6.773A.
As described in B6.701, the ATED rules are similar to the SDLT self-assessment regime, found primarily in FA 2003, Sch 10.
In the commentary below, the expression 'return' includes ATED returns, relief declaration returns and returns of adjusted chargeable amount.
Duty to keep and preserve records
A person who is required to deliver a return must keep and preserve records1, for the longer of:
- Ìý
•ÌýÌýÌýÌý six years from the end of the chargeable period
- Ìý
•ÌýÌýÌýÌý the end of any enquiry, or
- Ìý
•ÌýÌýÌýÌý the end of the enquiry window (this may be after six years if the return is submitted very late)
Records to be kept include all relevant documents relating to any relevant transaction, for example the contract of purchase and supporting maps or plans, including financial records related to the transaction and
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