Taxation of gains on Qualifying Corporate Bonds held by a UK company

If an individual makes a capital gain on sale of a QCB the gain is exempt from CGT. If a UK limited company invests in QCBs and eventually sells them at a profit is that profit subject to corporation tax?

Hi John Lawrence
Please refer to the following guidance at: CG53702 - Qualifying corporate bonds: general definition - HMRC internal manual and CG53704 - Qualifying corporate bonds: definition - securities that can qualify - HMRC internal manual.
You may also wish to refer to guidance at: Capital Gains Tax for business: What you pay it on.
Thank you

Hi HMRC Admin 13 Thankyou for your quick response. However, it does not help me determine if gains and losses on disposal of QCBs by a COMPANY are exempt from capital gains tax. I understand that they are exempt when the disposal is made by an individual, but are such gains (or losses) exempt for Corporation Tax purposes.

Hi ,
 

Corporation tax is self-assessed, if you have reviewed the guidance and are still struggling, you may have to seek assistant form a tax advisor . Thank you .