Corporation Tax

Corporate tax is, a levy placed on the profit of a firm, with different rates used for different levels of profits. Corporate taxes are taxes against profits earned by businesses during a given taxable period; they are generally applied to companies’ operating earnings, after expenses such as COGS, SG&A and depreciation have been deducted from revenues.

You must pay Corporation Tax on profits from doing business as:

  • A limited company
  • Any foreign company with a UK branch or office
  • A club, co-operative or other unincorporated association, e.g. a community group or sports club

Capital Gains Tax

A capital gains tax is a type of tax levied on capital gains incurred by individuals and corporations. Capital gains are the profits that an investor realizes when he or she sells the capital asset for a price that is higher than the purchase price.

Capital gains taxes are only triggered when an asset is realized, not while it is held by an investor. An investor can own shares that appreciate every year, but the investor does not incur a capital gains tax on the shares until they are sold.

Residential & Commercial Sales & Lettings

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