Welcome to WebmasterWorld Guest from

Forum Moderators: buckworks & webwork

Message Too Old, No Replies

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

10:55 am on Jan 27, 2010 (gmt 0)

Senior Member

WebmasterWorld Senior Member 10+ Year Member

joined:Feb 25, 2003
votes: 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.


Join The Conversation

Moderators and Top Contributors

Hot Threads This Week

Featured Threads

Free SEO Tools

Hire Expert Members