Explaining Corporate Tax Loans

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If you own a company, then you are required to pay Corporation Tax on profits that are made from doing business as a limited company in Britain. This also applies to any foreign company with a UK branch or office. Corporation tax is basically the equivalent of income tax but for registered companies.   Corporation […]

Do You Need to Pay Capital Gains Tax?

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If you gain capital through the sale of an item such as an antique or home whereby the profit obtained reaches £6000 or more, capital gains tax must be paid. In terms of tax, valuable possessions are called “chattels”. Many items are tax free, so it is vital that you are aware when you will […]

Capital gains tax explained

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Capital gains is a tax on the profit when you sell or dispose of something that’s increases in value. It is the gain you make that is taxed, not the amount of money you receive. Some assets are tax free. Each year, everyone who is liable to capital gains tax gets an annual tax-free allowances […]