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Business Tax Insider

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  • Travelling Expenses - HMRC Gets Tough

    James Bailey highlights potential difficulties faced by the self-employed when travelling from home on business.  With HMRC challenging travelling expenses for the self-employed, and no clear legislative guidance, business travel can lead to expensive arguments with HMRC...
  • Entrepreneurs’ Relief: Not Many People Know This…

    Ken Moody delves into some murky aspects of capital gains tax entrepreneurs’ relief, and highlights some possible pitfalls and planning opportunities. Entrepreneurs’ relief (ER) is a valuable relief, which can reduce the capital gains tax (CGT) rate on qualifying business disposals to only 10%. However, ER is not a relief to be taken for granted and, for a relatively short piece of legislation, gives rise to more than its fair share of potential pitfalls...
  • Paying A Bonus; Points to Consider 

    Jennifer Adams considers when a bonus may be a useful way to extract business profits. As readers of Business Tax Insider are aware, funds may be extracted from a company in a variety of ways. For a director, the choice is invariably between the taking of salary or a dividend; but there are circumstances which might compel payment via a bonus...
  • Company Car Conundrums!

    Lee Sharpe provides a checklist covering the main issues relating to company car taxation. The ‘company car’ tax benefit, and the corresponding ‘car fuel’ benefit, are some of the most common – and some of the most expensive – taxable benefits in kind around. There have been numerous attempts to circumvent the tax charge over the years, with mixed success. It would be fair to say that HMRC takes a very ‘robust’ line if it perceives an...
  • Tax Insider: Tax Tips
  • Tax Insider: Your Property Tax Questions Answered by Arthur Weller
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My accountant and I need absolutely accurate and the most up-to-date advice that we can possibly get. Time and time again Tax Insider has come up with the goods!

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Business Tax Insider will benefit business owners, company directors and entrepreneurs.

Each month our experts reveal tax saving strategies covering the whole business life cycle including:

  • Tax saving tips for early years of business
  • How to maximise business expenses
  • How to maximise capital expenditure
  • Extracting profits from a company
  • Tax implications of employing people
  • Tax efficient business exit strategies
  • Plus more…

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Back to Questions
« Previous Question 47 of 67 Next »

CGT or Corporation Tax or both?

If I buy a property under a company and sell for a profit what tax do I pay?

Arthur Weller Replies:
If a limited company buys an investment property or a property used in the business of the company (i.e. a capital asset) and sells it some time later at a profit, the company has made a capital gain, which is calculated according to the rules of capital gains tax, and the resultant profit/gain is subject to corporation tax.
1 2 3 4 5 next »  Tax Tips  1 - 10 of 90
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