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Recent content by itcontracter

  1. I

    Taxable profit and Corporation Tax

    Thanks Thanks Thanks everyone for your responses. It seems there is an opinion difference whether it is a 50000 or 70000. I will check with my accountant. I see myself moving abroad after 8 to 10 years and with minimal taxable income in UK when i can cash in my investment (and hopefully...
  2. I

    Taxable profit and Corporation Tax

    Hello, I am an IT consultant. I am considering to invest surplus business cash on shares, property etc through my limited company. Question is whether I should pay corporation tax on the amount invested or the amount invested can be negated from profit for the year while calculating...

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