I have recently taken on a client which is a Limited Company Social Club (by Shares).
I am aware of the corporation tax implications on Interest & Rent Received, but not sure if the profit on the sale of an adjoining property (formerly let) is subject to Corporation Tax.
Also, if the property was let to a member, is this income subject to CT.
Any advice would be welcome as my technical help is vague on the subject.
Many thanks