Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

CGT on disposal of business assets

Options
  • 08-12-2023 1:34pm
    #1
    Lucky2Day
    Registered Users Posts: 18 ✭


    Hi All

    I have a small limited company in which I am the only shareholder. I recently sold the assets of the company eg. websites, mailing lists, IP and stock to a buyer in the UK but I did not sell the shares.

    I wondered what the CGT position is ? Am I liable for CGT or can I just put the sale through the books as a trade sale ? I have owned and worked in the company for over 6 years and am 59 years old so wondered if I would be entitled to Retirement Relief which would bring the CGT rate down from 33% to 10% ?

    Thanks

    Tagged:


Advertisement