CG10247 | Capital Gains Tax: basic concepts: companies only

TCGA92/S8*

Companies are not entitled to an annual exempt amount. A company’s chargeable gains less allowable losses are included in its total profits for an accounting period and charged to Corporation Tax.

Rebasing

Companies may still make a rebasing election CG16760.

For guidance on rebasing see CG16700+.

Indexation

Indexation allowance continues to be available for companies.

For guidance on indexation see CG17200c.

* These provisions were re-written for disposals from 6 April 2019 see CG10150.