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Sale Of A Website

Craig Townley
Posted Tue, 06 Jun 2023 20:00:05 GMT by Craig Townley
Im in the process of selling my website and wondered what I need to do to pay tax on this. Thanks.
HMRC Admin 32
Posted Thu, 08 Jun 2023 14:15:08 GMT by HMRC Admin 32
Hi,

This would be seen as selling an asset and likely there would be capital gains to pay.

Business Asset Disposal Relief

Thank you.
Craig Townley
Posted Thu, 08 Jun 2023 14:35:24 GMT by Craig Townley
Thanks - Is this a case of simply reporting to HMRC and paying? Is this 18%? Thanks for your advice so far.
HMRC Admin 19
Posted Tue, 13 Jun 2023 13:12:04 GMT by HMRC Admin 19
Hi,

Yes, use report and pay.

The tax rate will be 10% or 20% depending on your level of income and gain.

Thnak you.

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