Thanks all.
Just curious, capital gain would be sale price less total renewal fees (for n years) including VAT?
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Reply to: The ‘T’ on sale of domain name?
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Previously on "The ‘T’ on sale of domain name?"
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Treated as a normal Capital Gain I think. So, provided the gain does not exceed £9,200 (I think thats the amount but i cant look it up as I'm not in the office) then no tax. Still needs to be declared on tax return though.
If its a ltd co that is receiving the funds then there'll be CGT on the whole gain as there is no annual exemption applicable.
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Originally posted by HairyArsedBloke View PostDon’t know why I was asked this; I don’t do the T word.
A person of my acquaintance has received an offer for their ‘website’. I’m sure they mean the URL not the content. They want to know if it would be classed as income or a capital gain. I have no idea how much money we are talking about here, but as a working figure assume £1,000. Has anyone done this?
Even if I were a T-payer, I’d just take the money and say nothing.
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The ‘T’ on sale of domain name?
Don’t know why I was asked this; I don’t do the T word.
A person of my acquaintance has received an offer for their ‘website’. I’m sure they mean the URL not the content. They want to know if it would be classed as income or a capital gain. I have no idea how much money we are talking about here, but as a working figure assume £1,000. Has anyone done this?
Even if I were a T-payer, I’d just take the money and say nothing.Tags: None
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