Commentary

D1.106 Profits chargeable

Corporate tax
Corporate tax | Commentary

D1.106 Profits chargeable

Corporate tax | Commentary

D1.106 Profits chargeable

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

  1.  

    (a)     profits (ie income and all chargeable gains, other than those falling within (b)) are charged to corporation tax1

  2.  

    (b)     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) regime3; for details see Division

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