I think you're confusing personal tax with corporation tax

companies pay tax on annual profits which will be all income received in that year less all expenses in that year. there's some clever stuff around accruals from previous years/deferred expenses but thats essentially it. you dont get CGT and a 'profit' on a given player is irrelevant as far as tax goes, you look at everything in the round.

current player values are relevant to balance sheets and the solvency/credit worthiness of the business but not tax.

there'll be an accountant along soon to give a proper answer.

Posted By: CWC, Sep 2, 08:54:22