Commentary

D1.104 corporation tax—persons chargeable

Corporate tax
Corporate tax | Commentary

D1.104 corporation tax—persons chargeable

Corporate tax | Commentary

Basic principles of corporation tax

D1.104 corporation tax—persons chargeable

The basic rule is that a company resident in the UK is chargeable to corporation tax on all its profits (ie income and chargeable gains) wherever arising1 and to capital gains tax on gains realised on the disposal of high value (ie in excess of £1m from 1 April 2015 (or £2m before 1 April 2015, or £500,000 from 1 April 2016, 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)

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