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Budget 2008
Corporate Capital Gains
- Included in profits and chargeable at applicable corporation tax rate.
- Indexation allowance is available but cannot create or augment a loss.
- Gains by trading companies or groups on disposals out of “substantial shareholdings” (an interest of 10%or more) in trading companies may qualify for exemption*.
- Rollover relief
- may be available subject to qualifying conditionsbeing met
- special rules apply in respect of tangible assets such as quotas and good will.
- may be available subject to qualifying conditionsbeing met
* Detailed conditions apply.
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