CGT on residential property owned by a Ltd co

[DKL]

If a Ltd co sells a wholly owned residential property there will be CGT to pay on any profit less expenses I believe. The business is not buying/selling property. This is 18/28% depending on tax banding.
If/when the Ltd co is closed, the value of the property is simply part of the funds held by the co and taxed accordingly to allow access by the directors.
Assuming entrepreneurs relief can be claimed this is 10%.
Have I got that about right?

[DKL]

Roman Rhodes said:

Ltd Co. pays Corporation Tax not CGT. Currently 19% and due to reduce to 17%.

The company has to be a trading company and you need to hold at least 5% of the shares to get ER.

I thought you only paid CT if your business was buying and selling property, otherwise it is CGT.

[DKL]

This was what I was going on but I'm happy to be corrected.
https://www.gov.uk/tax-sell-property/businesses

[DKL]

Fair enough, makes the maths easier! Thanks Eric
Presumably the original purchase cost is offset against the CT bill - so CT on the profit not the entire sales amount. I gather the purchase price is not tax deductable in the first instance.

[DKL]

Excellent, thanks all.