I have an internet sales business - a while ago I built another site which is a going concern and I woudl like to sell it. Apart from finding it hard to value, I don't know what capital gains tax I would have to pay - I want to keep the money I get for it for personal use (probably up to £5000). I can't put a cost on the building of the business- it was mostly my time (a lot of it!) with small amount of money on software and then advertising. I will be keeping the main business going. I am a sole trader with no employees. Can someone please advise if any lump sum I receive from the sale will attract CGT? Thanks.
- posted
16 years ago