Tag Archives: Corporation Tax
Opportunities to Mitigate the Increase in Capital Gains Tax
The new Conservative/Lib Dem coalition government has just published the text of the Coalition Agreement made between the parties. Should you wish you may view this via the link below. The agreement states that it is the intention of the new government to increase the rate of Capital Gains Tax (“CGT”) for “non business assets”. [...]
Full StoryWhat is Corporation Tax?
Corporation tax is the tax paid by companies on their profits. Unincorporated organisations (such as clubs and societies) also pay corporation tax, if they have taxable income. Partners in both traditional and limited liability partnerships and sole traders pay income tax instead. Companies are taxed on the profits made in an accounting period – normally [...]
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