Can a company offset capital gains with trading losses?

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companies not pay capital gains tax. companies liable corporation tax on capital gains (ie profits made when selling capital assets) trading profits. if there trading loss loss can set against capital profits same year.

many business not companies - eg sole traders or partnerships. these liable income tax on trading profits , capital gains tax on capital gains/profits.

believe self-employment trading losses can set against capital gains same year. however, trading losses can set against profits future or previous years, , capital gains tax rates lower income tax rates might better option.

answer has suggested, speak accountant. , if don't have 1 consider few hundred paid him might save fortune in tax later.

can reduce company's capital gains tax liability offsetting trading losses?


Business & Finance Taxes United Kingdom Next



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