Tag: corporation tax return

Capital Gains Tax

Tax Returns – Capital Gains Tax

Capital Gains Tax is the tax levied on profit from the sale of property or an investment. There are two specific types by which you can own property and may make a gain on its disposal or even before it is actually sold. When Someone Dies: When someone dies, the assets they own pass to […]

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Directors' loan accounts and Corporation Tax implications

Directors’ loan accounts and Corporation Tax implications

The director’s loan account is the amount paid to director other than salary and dividend, it can be  cash payments other than your salary or dividend  expenses that you may have paid for using company funds that are actually for personal use  money is withdrawn for your personal use – for example, to renovate your […]

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Capital Gains Tax

CORPORATE TAX RATES – 2013-14

CORPORATE TAX RATES – 2013-14 Rates for financial years starting on 1 April  Rate 2013 Small profits rate* 20%* Small profits rate can be claimed by qualifying companies with profits at a rate not exceeding £300,000 Marginal Relief Lower Limit £300,000 Marginal Relief Upper Limit £1,500,000 Standard fraction 3/400 Main rate of Corporation Tax* 23% […]

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