In April 2017, an ATED Relief Declaration form was submitted in which property development relief was claimed for the chargeable period ended 31 March 2018.
When the property was developed, the intention was to sell the property. However, due to poor market conditions, the company decided to rent the property instead. Commercial letting commenced at some point in the chargeable period ended 31 March 2018.
Is there an obligation to submit a further ATED Relief declaration (Property rental relief) & if so, what is the deadline for submitting the further Declaration without incurring late filing penalties?