With all the money they're printing, the reserves in my company are likely to become worthless soon, so I want to buy a few kilos of gold.
Assuming this happens, I imagine I would be taxed on the imaginary profits.
If I dissolved the company would I just pay the 9% (or whatever) capital gains tax on the current value of the gold bars, or would I have to pay corporation tax as well.
If I'm wrong (anything's possible I suppose) could the company sell the bars at a loss and claim back corporation tax or offset it against its profits?
Assuming this happens, I imagine I would be taxed on the imaginary profits.
If I dissolved the company would I just pay the 9% (or whatever) capital gains tax on the current value of the gold bars, or would I have to pay corporation tax as well.
If I'm wrong (anything's possible I suppose) could the company sell the bars at a loss and claim back corporation tax or offset it against its profits?
