A sole trader incorporates his business and goodwill is recognised at that point. Is that goodwill transferred to the ltd co.shown in the new companyÂ’s balance sheet?
If yes, if the company is subsequently sold to a third party through sale of shares (not assets), can the new owners subsequently claim capital allowances 4% pa on the purchased goodwill?
thanks
TaxationWeb Limited (Registered in England No. 4571386), 6 Coleby Avenue, Peel Hall, Manchester, M22 5HH, United Kingdom
Information which you supply whilst using this website may be held in our computer records and may be used to send you information which we think might be of interest to you. If you do not want your information to be used for such purposes please write to us at: 6 Coleby Avenue, Peel Hall, Manchester M22 5HH, UK, or email us
Website by Dorifor Internet Marketing | Powered by phpBB
Dorifor Tax Group - our portfolio of tax sites:
