UK Sale of Business

[ayaz786amd]

Hi

If a company sells its amazon store, a part of its business not the whole. Will it be operating profits in CT600? ER will not be available because its company. Anyone with some more details please

 

[Fidget]

It's not clear what it is you're actually asking about. I can figure that it's something to do with selling part of a business, corporation tax and entrepreneurs relief, but outside of that, I don't know what your actual question is.

 

[ayaz786amd]

Yes want to know about corporation tax impact of the e-store sold

 

[Truemanbrown]

Basically, it is treated as a capital gain in the Corporation Tax Return.

In the financial statements themselves, it will be shown as an Exceptional Item.