Capital Gains Tax (CGT) on the sale, gift or exchange of an asset
If you own or part own an asset, you may sell, gift or exchange it. This is called a disposal. You may have to pay CGT on any gain that you make when you dispose of an asset.
Companies normally include capital gains in their profits for Corporation Tax (CT) purposes. However, when a company makes a capital gain from selling or transferring development land, it must pay CGT rather than CT on the gain.
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