HM Treasury’s United Kingdom Budget 2007

Grant Thornton

Grant Thornton

Corporate Capital Gains

  • Included in profits and chargeable at applicable corporate tax rate
  • Companies cannot claim taper relief
  • Indexation allowance is available but cannot create or augment a loss
  • Gains by trading companies or groups on disposal of “substantial shareholdings”1 in trading companies may qualify for exemption2

1 An interest of 10% or more
2 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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