Tax on sale of website

Seth (M) (148 Points)

09 February 2019  

Hello,

A foreign company is willing to purchase a website that I own. I have two options:

1) Sell the website and take the money in MY INDIVIDUAL SAVINGS bank account

2) Sell the website and take the money in CURRENT (CORPORATE) BANK bank account in the name of my firm

 

Which option will minimize my tax payable and help to get the maximum? Any opinion from experts will be really appreciated.

 

Thanks