HMRC update guidance on electing a company for CT exemption
Released 24 July 2020
HMRC have updated their guidance on making an election for a qualifying company to be exempt from corporation tax (CT) on UK capital gains.
Slight changes have been made to the summary and guide to provide more clarity when making an election.
View the updated guidance at https://www.gov.uk/guidance/elect-a-qualifying-company-for-tax-exemption-on-uk-capital-gains.