Hello all,
I'm trying to work out how Corporation TAX works on capital gains, for example if I was to buy a van for £2500 it wouldn't get put into my losses because its a capital gain so I couldn't claim the Corporation TAX back but then if I sold the van in the future for £2000 would I then put it in as profit and then have to pay tax? so I would end up paying 2 lots of tax if that makes sense?
Thanks
James
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