Would like to ask about Corporation tax when you sold VAN.
Limited company year end 31 Dec every year.
If I brought van 2,000 on 1/1/2019 and depreciation 25% reducing balance
At 31/12/2019, I claimed this van full capital allowances 2,000 in company tax return CT600.
At 31/12/2020 van net book value was 1,125 and same days 31/12/2020 sold van for 2,000.
So, Gain on sale of this van in year end account is 875.
How much ***corporation tax (in tax return CT600)*** need to pay for Gain on sale of this VAN?
Is it 875*19% or 2000*19%?
Thank you very much in advance.