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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

• Overview

  Your limited company usually pays Corporation Tax on the profit…

• Work out a chargeable gain

  The gain is usually the difference between what you paid for the asset and…

• Intangible assets

  ‘Intangible assets’ include intellectual property and business reputation…

What Capital Gains Tax (CGT) is, how to work it out, current CGT rates and how to pay.

• Overview

  Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’)…

• What you pay it on

  You pay Capital Gains Tax on the gain when you sell (or ‘dispose of’):…

• Capital Gains Tax allowances

  You only have to pay Capital Gains Tax on your overall gains above your…

• Gifts to your spouse or charity

  There are special rules for Capital Gains Tax on gifts or assets you…

• Work out if you need to pay

  You need to pay Capital Gains Tax when you sell an asset if your total…

• Reporting and paying Capital Gains Tax

  You do not get a bill for Capital Gains Tax. You must work out if your…

• Capital Gains Tax rates

  You pay a different rate of tax on gains from residential property than…

• If you make a loss

  You can report losses on a chargeable asset to HM Revenue and Customs…

• Record keeping

  You need to collect records to work out your gains and fill in your tax…

• Market value

  Your gain is usually the difference between what you paid for your asset…

Capital Gains Tax when you sell a property that's not your home: work out your gain and pay your tax on buy-to-let, business, agricultural and inherited properties

• What you pay it on

  You may have to pay Capital Gains Tax if you make a profit (‘gain’) when…

• Work out your gain

  Your gain is usually the difference between what you paid for your…

• Businesses

  You may get tax relief if you sell property that you use for business.…

• Selling overseas property

  You pay Capital Gains Tax when you ‘dispose of’ overseas property if…

Submissions related to human medicines need to be submitted directly to the MHRA.

• Updated: 4 May 2021

What personal possessions (chattels) you need to pay Capital Gains Tax (CGT) on, how to work out your gain

Working out and paying Capital Gains Tax (CGT) if you sell shares, claiming tax relief

Relief from Capital Gains Tax (CGT) when you sell your home - Private Residence Relief, time away from your home, what to do if you have 2 homes, nominating a home, Letting Relief

Working out and paying Capital Gains Tax (CGT) if you're a sole trader or in a business partnership, claiming tax relief.

Templates for creating a biodiversity gain plan for a phased development, to send to your local planning authority.

Multilateral gain/loss sharing is a way of reallocating finances across a local care economy when delivering new care models

• Updated: 16 July 2015