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Company selling assets

Company selling assets

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If a company sells its assets for a fixed price now and it receives a further payment in a years time when ascertainable consideration of targets are met, is the whole gains taxable now?  I know it is for an individual and I would have thought the same for a company but I cannot find the legislation.

Thanks for any responses.

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By BKD
22nd Aug 2012 09:49

Yes

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