HM Treasury’s United Kingdom Budget 2005

brought to you courtesy of Grant Thornton

brought to you courtesy of Grant ThorntonCorporate Capital Gains

  • included in profits and chargeable at applicable corporate tax rate
  • companies cannot claim taper relief
  • indexation allowance is available
  • gains by trading companies or groups on disposal of “substantial shareholdings*” in trading companies may qualify for exemption

* An interest of 10% or more
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.

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