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Ahuja > Forums > JUST STARTING OUT > Tax wrt Reinvesting Profits
 
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paddy
Registered: 27/08/09
Posts: 1

    27/08/09 at 01:57 PM
Reply with quote#1

What is the tax situation wrt reinvesting profits?

e.g. If I make a profit of £5000 on a property & reinvest this within the tax year, am I liable for tax on the £5000?

If the property is held by a company & the profit reinvested, is the tax position the same?
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