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Corporation tax on mortgage equity release


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Hi all,

I’m curious to know if corporation tax is payable on funds released by mortgaging a property. 
 

For example, if my LTD company buys a house for £100k cash and then I mortgage it for £200k (example) at 75% LTV, that means that the company would receive £150k cash from the remortgage. Is this £150k essentially tax free or would corporation tax be payable? 
 

As a personal/individual landlord (not a LTD company) I know that CGT isn’t payable on equity release, but I’m not sure if this is the case for LTD companies. Any insights are greatly appreciated! 
 

Thanks!

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