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Chargeable gain / Corporation Tax

Answer
Robert Erne
Posted Tue, 24 Sep 2024 07:25:44 GMT by Robert Erne
I have a company owned residential property which I'm hopefully selling soon. The tax year runs 1/7 to 30/6. I'll be submitting the 2024/2025 Corporation Tax return in late June 2026 and declare the chargeable gain made. Question- how long do I have to pay tax on this gain? Is it 9 months after June 2026? Thanks
Answer
HMRC Admin 17 Response
Posted Tue, 01 Oct 2024 12:46:15 GMT by HMRC Admin 17 Response

Hi,
 
Assuming the company is UK resident and disposes of the property between 1 July 2024 and 30 June 2025,
Corporation Tax on any gain will be due 1 April 2026. 

This is 9 months and one day after the end of the accounting period. 

Please refer to guidance on deadlines available on our website at : 

Company Tax Returns  . 

Thank you .
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