Corporate owners of residential property are required to have valuations every 5 years on property owned within the UK for taxation purposes. The tax becomes liable if the value is £500,000 or greater. Among other exemptions and reliefs, property rental businesses or BTL landlords holding the property within a company can usually claim ATED relief if the property is let to a third party and not occupied by, or anyone connected to, the owner. However, a return is required for each property, and the exemption from ATED must be claimed