On 16 January 2025, UK HMRC published guidance on Corporation Tax when you sell business assets. --- 1. Overview Your limited company usually pays Corporation Tax on the profit ('chargeable gain') from selling or disposing of an asset. Company assets Assets are things your company owns, such as: land and property equipment and machinery shares Who pays Corporation Tax Corporation Tax on chargeable gains is paid by: limited companies most unincorporated associations, for example clubs and co-operatives foreign companies with a UK branch or office You pay Capital Gains Tax instead if you're a self-employed sole trader or business partner....