RichardBrown
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Sole Trader to Limited Co

Sole Trader to Limited Co

I have a sole trader client who transferred to a limited company in April last year. Although changes to the entrepreneur's relief in December 2014 were introduced, am I right in thinking that, for arguments sake, that the goodwill value of £10,000 would still be covered by the £11,100 capital gains tax relief?

Am I also correct in thinking that as the goodwill was acquired by the company after 3 December 2014 from a related sole trader, the company cannot claim a tax deduction on the written-down goodwill?

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