If a company changes from general trading to trading stocks and shares will the profits continue to be taxed as corporation tax or change to CGT.
What do you mean by general trading?
Doesnt a ltd company need to operate and trade within the confines of its memorandum or articles of association which may or may not include trading shares?
Thank you. I seem to recall that it was about 30 trades per month when I last traded but can not find any info on it now. I expect that it has not changed. That was a personal account so may not apply to a company.12.5% corporation tax, provided that the activity is sufficient to constitute trading
There is no black & white definition based on the number of trades. It all comes down to the full circumstances involved, assessed under the 'badges of trade'.I seem to recall that it was about 30 trades per month when I last traded but can not find any info on it now.