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<p>Companies are liable to UK corporation tax on gains they make from the disposal
of chargeable assets, which includes real property. In relation to a non-resident
company, the corporation tax charge is limited to gains on disposals of assets held
for the purposes of a trade carried on in the UK through a permanent establishment
here.</p><p> </p><p>The question of ownership and taxation of former HMRC properties
(now owned by Mapeley STEPS Ltd) is dealt with at paragraph 19 of the Public Accounts
Committee Thirty Second report HM Revenue and Customs' estate private finance deal
eight years on, which was published on 8 April 2010.</p><p> </p>
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