homepage Welcome to WebmasterWorld Guest from
register, free tools, login, search, pro membership, help, library, announcements, recent posts, open posts,
Become a Pro Member

Home / Forums Index / WebmasterWorld / Domain Names
Forum Library, Charter, Moderators: buckworks & webwork

Domain Names Forum

UK Citizens: Where do you put domain sales on your Tax Return?

WebmasterWorld Senior Member 10+ Year Member

Msg#: 4068828 posted 10:55 am on Jan 27, 2010 (gmt 0)

I bought a domain, I live in the UK so I paid VAT.

Someone offered to buy the domain from me so I sold it and added on VAT.

Now I have to fill in my tax return (UK) but am not sure where to put it. Is it an asset? It would be great if it was as assets only attract something like 17% tax whilst running it with the rest of the profits will attract the 40% tax.

Any help from domainers on how to pay the least tax would be great ... it will only go toward bankers bonuses and pavement trip compensation so I'm not feeling to bad about withholding as much as possible whilst remaining on legal footing.


Global Options:
 top home search open messages active posts  

Home / Forums Index / WebmasterWorld / Domain Names
rss feed

All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Home ¦ Free Tools ¦ Terms of Service ¦ Privacy Policy ¦ Report Problem ¦ About ¦ Library ¦ Newsletter
WebmasterWorld is a Developer Shed Community owned by Jim Boykin.
© Webmaster World 1996-2014 all rights reserved