Incorporation of Dentist NHS or just Private

Incorporation of Dentist NHS or just Private

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I am seeing a new client dentist this afternoon with a large tax bill. I need to know the up-to-date position with regards to incorporation of dentists. Can NHS practices be incorporated or is it just the private fees element? Many thanks on this busy day!

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By Steve McQueen
30th Jan 2012 09:36

Yes

Dentist have been able to incorporate for quite a few years now.

 

Steve

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By DMGbus
30th Jan 2012 14:04

Watch the "goodwill" re: NHS list

I believe that I read somewhere, some years ago, that it was illegal for doctors to sell an NHS practice (or a doctors partnership receive a new partner) where money changed hands for the "goodwill" attaching to the NHS patient list.  [Workaround = sell the premises at an inflated price and nil for goodwill?].

This leads me to wonder if a similar rule applies to NHS dentists.   No problem for there being a goodwill value for the private patients list, but maybe NHS don't allow a goodwill payment to be made for the NHS list?

There will, of course, be consequential matters to deal with regarding superannuation (I suppose rather like subpostmasters who trade via a Ltd Co) to consider.
 

 

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