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What is crporation tax/ capital gains tax?

please explain in your own words as i dont understand what they mean in google search. thx

Corporation tax is a tax paid by limited companies on their profits.
Capital Gains Tax is a tax charged on capital profits (ie sale of assets) made by either companies or individuals.
Rates for CGT for individuals are the same as for income tax, but with numerous reliefs available before the tax is determined,(indexation,taper relief,etc).

All types of the taxes means MONEY OUT OF YOUR POCKET

corporate tax is paid by Corporations on their taxable income

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