Corporation Tax
Definition
Tax paid by limited companies on their profits. For property investment companies, the rate is 19% on profits up to £50,000 and 25% above this threshold (as of 2024). Companies can deduct full mortgage interest and other business expenses before calculating taxable profits.
Related Terms
Mortgage Interest ReliefDividend TaxSPV (Special Purpose Vehicle)Limited Company MortgageCompany StructureSection 24Capital AllowancesAnnual Investment Allowance (AIA)
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