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London suffers highest annual tax on enveloped dwellings

London suffers highest annual tax enveloped dwellings (ATED).

London is suffering the highest burden on a recently introduced tax on high value, over £2m in value, which targets properties owned by non natural persons.

This tax has raised a substantial amount of money since it was introduced in April 2013. In this tax year it has raised £100m of which 89% of it related to London properties.