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What is the difference between Capital Gains Tax and normal tax?

Posted 8 April 2013

If a company's main activity is buying and selling properties, will they pay Capital Gains Tax?

TaxTim Marc TaxTim Marc said:
8 April 2013 at 18:39

If the main purpose of the company is to buy and sell properties then it would be treated as trading and not capital and therefore subject to corporate tax at 28% and not the capital gains rate.

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