Commentary

D1.102 Brief outline of the corporation tax system

Corporate tax
Corporate tax | Commentary

D1.102 Brief outline of the corporation tax system

Corporate tax | Commentary

D1.102 Brief outline of the corporation tax system

For the latest New Developments, see ND.1349, ND.1683.

Companies resident in the UK are charged to tax as follows:

  1.  

    (a)     corporation tax on profits (ie income and all chargeable gains, other than those falling within (b) before 6 April 2019)1

  2.  

    (b)     capital gains tax on gains realised on the disposal of high value (ie in excess of £500,000 from 1 April 2016 (or £1m before 1 April 2016, or £2m before 1 April 2015, as the case may be, see B6.701)2) residential properties made between 6 April 2013 and 5 April 2019 that fall within the annual tax on enveloped dwellings (ATED) regime3; for details see Division B6.7

Companies not resident in the UK are charged to tax as follows:

  1.  

    (i)     corporation tax on all profits, wherever

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