Amortisation Relief and related parties

Amortisation Relief and related parties

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I have a client that started a partnership in 2003 who wish to incorporate transferring the goodwill arising on incorporation to a Directors' loan account.

The Goodwill wil be professionally valued and the transfer agreement prepared by a solicitor.

Does anyone have practical experience of objections raised by HMRC on a claim for amortisation relief againt the newly formed companies taxable profits?
Susan Kumar

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