If I set up a parent Limited company here in the UK, buy a site for say £50,000 and sell it for £100,000, that would be a £50,000 profit for the Limited company.
Would I get capital gains tax on this, or would it just be company income and be subject to corp. tax at the end of the tax year etc? If this is the case, I could avoid tax altogether by simply reinvesting that £50,000 profit, right?
So instead of me, a sole trader, buying and selling sites, it'd be NAME Ltd. buying and selling sites.
Questions on the side:
1. Would this also work with offline businesses (so I could use the parent company to buy businesses online and offline)?
2. Would I be able to buy businesses in other countries such as the US? In this case, would the owner of the parent company be allowed to be in the US for as long as he/she wanted since they would have business out there (if offline)? And would the UK Ltd. company be able to hold those US businesses itself? The tax system is different out there so not sure how it would work?
I wish things were simple.