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Domain Names - are they assets?
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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!).
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picklesadventures.com/animations/
picklesadventures.com/animations/
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