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Working out your Corporation Tax rate and getting reliefs and other deductions from your Corporation Tax bill
The Corporation Tax rate for company profits is 25% You pay Corporation…
You can deduct the costs of running your business from your profits before…
Your and your company's responsibilities - repaying director's loans, interest, tax on loans, reporting to HM Revenue and Customs
A director’s loan is when you (or other close family members) get money…
You or your company may have to pay tax if you take a director’s loan.…
Your company does not pay Corporation Tax on money you lend it. If you…
Paying Corporation Tax when your limited company sells an asset for more than it paid - includes chargeable gains, intangible assets, working out inflation
Your limited company usually pays Corporation Tax on the profit…
The gain is usually the difference between what you paid for the asset and…
‘Intangible assets’ include intellectual property and business reputation…
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