Question:
If I buy a property under a company and sell for a profit what tax do I pay?
Arthur Weller Replies:
If a limited company buys an investment property or a property used in the business of the company (i.e. a capital asset) and sells it some time later at a profit, the company has made a capital gain, which is calculated according to the rules of capital gains tax, and the resultant profit/gain is subject to corporation tax.
