Comparison between individuals and companies
In this lesson, you'll learn the key differences between how individuals and companies are taxed on capital gains, and which reliefs apply to each. Both are chargeable persons, but individuals pay capital gains tax while companies pay corporation tax on chargeable gains.
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In this lesson
- 0:00 Capital gains tax for individuals vs companies
- 0:20 Relief options available to each entity type
- 0:30 Rollover relief rules and goodwill restrictions
About this lesson
You'll discover which reliefs are available to each—individuals can claim investors relief, rollover relief, gift relief, principal private residence relief, and letting relief, while companies can only claim rollover relief, and crucially, cannot claim it on goodwill. This distinction is essential for tax planning and exam questions, as missing this detail could cost you marks when advising on company transactions.
Duration: 1m
Transcript
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