free small business advice & information
Main Menu
Hot Links
Page 17 of 31
Budget 2007
Corporate Capital Gains
- Included in profits and chargeable at applicable corporate tax rate
- Companies cannot claim taper relief
- Indexation allowance is available but cannot create or augment a loss
- Gains by trading companies or groups on disposal of “substantial shareholdings”1 in trading companies may qualify for exemption2
1 An interest of 10% or more
2 Detailed conditions apply
The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.
This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.
Monthly Prize Draw!
Win £375 worth of advertising for your business.
Enter our competition by either:
- Signing up to the is4profit Small Business Newsletter or
- Entering your firm's details into the Small Business Directory