goodwill

Posted by mary969 PM | on Fri, 16/12/2011 - 09:50 914 4 comments | report

Partnership formed just after april 2002, purchased goodwil and assets from an unconnected party (sole trader who had been trading for several years) Now wishes to incorporate.

My question is, now after 9 years of trading the goodwill is worth a lot more, partnership now wishes to incoporate and sell the goodwill to the company. Will the new value of the goodwill be allowable for CT, or is it apportioned on the cost at start of partnership (purchase) and increase in value from start of partnership to cessation.

Many thanks

Mary

Comments

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Straight forward

Paul Scholes | Fri, 16/12/2011 - 09:58

+1 on that

Paulsoper | Sun, 18/12/2011 - 23:19

Valuation of goodwill

Iftikhar Ali | Tue, 07/02/2012 - 12:10

How long have you got?

Paul Scholes | Tue, 07/02/2012 - 15:39