March 23

Corporation Tax

A corporation tax is charged on any corporate body, including any limited companies. So, a limited company, whether it is a property SPV company or a company with other activities such as property development or property trading, falls under the charge of corporation tax.

Historically, many landlords never had to worry about corporation tax as the properties were under the individual’s name and were only liable to income tax and capital gains tax.

However, any property purchased under the name of a Limited company will be liable to corporation tax instead of income tax & capital gains tax. This is because all the incomes and gains of the company are taxed as corporation tax, although the method of calculation of different sources of income is different.


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