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HMRC internal manual

Capital Gains Manual

Capital Gains Tax: basic concepts: companies only


Companies are not entitled to an annual exempt amount. A company’s chargeable gains less allowable losses are included in its total profits for an accounting period and charged to Corporation Tax.


Companies may still make a rebasing election CG16760.

For guidance on rebasing see CG16700+.


Indexation allowance continues to be available for companies.

For guidance on indexation see CG17200c.