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.