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CGT on disposal of business assets

  • 08-12-2023 12:34pm
    #1
    Lucky2Day
    Registered Users, Registered Users 2 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:


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