Tax when you sell property
Businesses
You may get tax relief if you sell property that you use for business. This may reduce or delay the amount of Capital Gains Tax you pay.
If the purpose of your business is to buy and sell property (you바카라 사이트™re a property developer, for example) you do not pay Capital Gains Tax when you sell a property. Instead, you pay:
- Income Tax - if you바카라 사이트™re a sole trader or partner
- Corporation Tax - if you바카라 사이트™re a limited company
There are special rules for limited companies that dispose of a single residential property worth more than £2 million.