You may have to pay Capital Gains Tax if you make a profit (바카라 사이트榞ain바카라 사이트�) when you sell (or 바카라 사이트� dispose of 바카라 사이트�) all or part of a business asset. Business assets you may need to pay tax on include: land and buildings fixtures and fittings plant and machinery, for example a digger shares registered trademarks your business바카라 사이트檚 reputation You바카라 사이트檒l need to work out your gain to find out whether you need to pay tax. You pay Capital Gains Tax if you바카라 사이트檙e a self-employed sole trader or in a business partnership. Other organisations like limited companies pay Corporation Tax on profits from selling their assets. When you do not pay it You do not usually need to pay tax on gifts to your husband, wife, civil partner or a charity.

Your gain is usually the difference between what you paid for your business asset and what you sold it for. Use the market value instead if: you gave it away (there are different rules if it was to your spouse, civil partner or a charity ) you sold it for less than it was worth to help the buyer you inherited the asset (and do not know the Inheritance Tax value ) you owned it before April 1982 If the asset was given to you and you claimed Gift Hold-Over Relief , use the amount it was originally bought for to work out your gain. If you paid less than it was worth, use the amount you paid for it. Deduct costs You can deduct certain costs of buying, selling or improving your asset from your gain. Costs you can deduct include: fees, for example for valuing or advertising assets costs to improve assets (but not normal repairs) Stamp Duty Land Tax and VAT (unless you can reclaim the VAT ) You cannot deduct certain costs. These include: interest on a loan to buy your asset costs you can claim as business expenses Contact HM Revenue and Customs ( HMRC ) if you바카라 사이트檙e not sure whether you can deduct a certain cost. Apply reliefs You may be able to reduce or delay paying tax on your gains if you바카라 사이트檙e eligible for tax relief . Work out if you need to pay When you know your gain you need to work out if you need to report and pay Capital Gains Tax. If you바카라 사이트檙e in a business partnership: work out your share of each gain or loss the nominated partner must fill in form SA803 You can get help with working out your tax, for example from an accountant. Reporting a loss The rules are different if you need to report a loss .

You may be able to reduce or delay the amount of Capital Gains Tax you have to pay if you바카라 사이트檙e eligible for tax relief. Relief Description Eligibility Business Asset Disposal Relief Pay 14% Capital Gains Tax (or 10% for disposals on or before 5 April 2025) on qualifying profits if you sell all or part of your business (instead of the normal rates ) For sole traders, business partners or those with shares in a 바카라 사이트榩ersonal company바카라 사이트� Business Asset Rollover Relief Delay paying Capital Gains Tax when you sell or dispose of some types of asset if you replace them Buy the new asset within 3 years of disposing of the old one. Use the old and new assets in your business Incorporation Relief Delay paying Capital Gains Tax when you transfer your business to a company Transfer all your business and its assets (except cash) in return for shares in the company Gift Hold-Over Relief Pay no Capital Gains Tax if you give away a business asset - the person you gave it to pays tax when they sell it You used the business asset for trading as a sole trader or partner Tax relief when you sell your home You normally get Private Residence Relief when you sell or dispose of your main home, meaning you do not pay any Capital Gains Tax. If you바카라 사이트檝e used any part of your home just for business, you have to pay Capital Gains Tax on that part when you sell your home. Disincorporation Relief You may be able to claim Disincorporation Relief if you become a partnership or sole trader having been a limited company. If you acquire the company바카라 사이트檚 assets when it changes its business structure, you may have to pay Capital Gains Tax if you sell or dispose of them later - you바카라 사이트檒l use their value, including any Disincorporation Relief, when you acquired them. You can get help from an accountant or tax adviser.

Capital Gains Tax for business

What you pay it on

You may have to pay Capital Gains Tax if you make a profit (바카라 사이트榞ain바카라 사이트�) when you sell (or 바카라 사이트�dispose of바카라 사이트�) all or part of a business asset.

Business assets you may need to pay tax on include:

land and buildings
fixtures and fittings
plant and machinery, for example a digger
shares
registered trademarks
your business바카라 사이트檚 reputation

You바카라 사이트檒l need to work out your gain to find out whether you need to pay tax.

You pay Capital Gains Tax if you바카라 사이트檙e a self-employed sole trader or in a business partnership. Other organisations like limited companies pay Corporation Tax on profits from selling their assets.

When you do not pay it

You do not usually need to pay tax on gifts to your husband, wife, civil partner or a charity.

View a printable version of the whole guide

Capital Gains Tax for business

What you pay it on

When you do not pay it

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Capital Gains Tax for business

What you pay it on

When you do not pay it

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