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Capital Gains Tax


Capital Gains Tax is payable on any profit or 'gains' you make from the disposal of all or part of a business asset. Disposal includes selling it, giving it away, transferring it or exchanging it.

If you own your own business or are a partner of a company, any capital gains will be reported in your Self Assessment tax return.

If you are a limited company, capital gains are part of your Corporation Tax payable.

Typical business assets include:

  • Buildings (e.g. shops, workshops, factories, etc)
  • Land
  • Shares
  • Franchise
  • Fixtures and fittings (e.g. shop fittings)
  • Plant and machinery (e.g. factory equipment, computers, construction digger, etc)
  • The good name or reputation of the business – the 'goodwill'
  • Registered trade marks

Capital Gains Tax is due on the profit you make, rather than the amount of money received.