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Paying Corporation Tax when your limited company sells an asset for more than it paid - includes chargeable gains, intangible assets, working out inflation
Your limited company usually pays Corporation Tax on the profit…
The gain is usually the difference between what you paid for the asset and…
‘Intangible assets’ include intellectual property and business reputation…
How to buy or acquire the assets of a dissolved company - how and when you can claim money or property, who to contact and the forms you need
When a company is dissolved, all of its assets pass to the Crown and are…
You may be able to apply for a court order to restore a company if: you…
You may be able to claim or buy an asset belonging to a dissolved company…
You may be able to get back a dissolved company’s assets if you were one…
Tax and reporting rules for employers who make assets available to employees
As an employer making assets available for use by your employees, you have…
You don’t have to report anything to HM Revenue and Customs (HMRC) or pay…
If the asset isn’t exempt, you must report it to HM Revenue and Customs…
There are 2 steps to working out how much your asset is worth: Take the…
The following guide contains more detailed information: assets placed at…
Tax and reporting rules for assets bought, sold or given
Working out and paying Capital Gains Tax (CGT) if you're a sole trader or in a business partnership, claiming tax relief.
Claim capital allowances so your business pays less tax when you buy assets - equipment, fixtures, business cars, plant and machinery, annual investment allowance, first-year allowances.
Find out how to operate PAYE if you pay your employees with assets that can be sold or cashed in, like stocks, shares or cryptoassets.
Don’t include personal or financial information like your National Insurance number or credit card details.
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