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Domain Names - are they assets?
instaunt
Posts: 112 Forumite
in Cutting tax
To register a domain name is about £5+VAT for the two years. If you sell one on where does that go on the tax return?
As an asset it attracts something like 17%, whilst bundled in with the rest of the profits it can be subject to 40%!
What is a domain name? Is it an asset? Capital?
Any help would be appreciated, I've never sold a domain on before (as I normally have naff ones for family that no-one else would ever want!).
As an asset it attracts something like 17%, whilst bundled in with the rest of the profits it can be subject to 40%!
What is a domain name? Is it an asset? Capital?
Any help would be appreciated, I've never sold a domain on before (as I normally have naff ones for family that no-one else would ever want!).
I've been making animations for my daughter. Tell me what you think? Search for "Where are you Pickles?" and "Pickles and the Bully" on YouTube.
picklesadventures.com/animations/
picklesadventures.com/animations/
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