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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
, see all updates

Administration: introduction: company, profits, income

The terms

  • company
  • profits
  • income

have the same meaning in this Volume as for the purposes of Corporation Tax exceptwhere the context indicates otherwise. A company’s profits means its income and chargeablegains, ICTA88/S6 (4)(a).