CGT for non uk company

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi there,

If a uk company want to transfer its shares to Non uk company ,at the end of day does Non uk company not need to pay CGT?

Thanks in advance

chaoliss

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:CGT for non uk company

    The gain would be in respect of the disposal by the uk company. When the non uk company disposes of them it would be liable to it's own tax regime.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:CGT for non uk company

    Hi Martinrc,
    Thank you very much for your reply.
    Sorry one more query to make , if the new share holder is in the UK ,but is not UK resident ,then what we should do with the CGT ?

    Thank you once again

    chaoliss
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:CGT for non uk company

    If the non resident company is carrying on a trade from a permanent place of business in the UK then it will be liable to corporation tax on profits and gains arising in the UK.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:CGT for non uk company

    Hi there,
    Thank you very much for help !!
    Are u going to attend Dec AAT exams ? If you do, wish you all the best and good luck.

    chaoliss
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:CGT for non uk company

    Hi there,
    Thank you very much for help !!
    Are u going to attend Dec AAT exams ? If you do, wish you all the best and good luck.

    chaoliss

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