I have a client who's thinking of incorporating from sole trade - so I just have a few questions!
Am I right in saying that if he started trading after 1 April 2002 then goodwill is allowable for CT deduction?
How do you go about putting a value to goodwill and then agreeing it with HMRC?
He also owns quite a large garage (worth about £70k) so presumably the title of this would need to be transferred to the company?
Any help much appreciated!