Corporation Tax when you sell business assets
Intangible assets
鈥業ntangible assets鈥� include intellectual property and business reputation (鈥榞oodwill鈥�).
How you鈥檙e taxed on gains from intangible assets depends on when your limited company first owned them.
After 31 March 2002
Include gains on intangible assets in your company鈥檚 business income (鈥榯rading profits鈥�) if your company acquired or created them after 31 March 2002. You pay Corporation Tax on trading profits.
Before 1 April 2002
Use the detailed guidance to or get help from a professional, like an accountant.
If your company鈥檚 intangible assets came from a change in business structure (for example from a business partnership or self-employed sole trader), use the date the assets were acquired or created before the structure change.