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UK HMRC Provides Guidance on Corporation Tax When Selling Business Assets

|Approved Changes|United Kingdom
United Kingdom

On 16 January 2025, UK HMRC published guidance on Corporation Tax when you sell business assets.

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1. Overview

Your limited company usually pays Corporation Tax on the profit ('chargeable gain') from selling or disposing of an asset.

Company assets

Assets are things your company owns, such as:

  • land and property
  • equipment and machinery
  • shares

Who pays Corporation Tax

Corporation …

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