Hi all.
My partner and I ran a business (ltd) that traded online using a domain name. The domain was registered personally in 2001. My partner and I sold the domain name to our ltd company for 16000 (8000 each). The ltd company then sold the domain to another company along with all rights to the name, etc (as we no longer wanted to do this kind of business) about 4 months later. Question is, was the initial sale from partner and I subject to CGT or subject to income tax ?