goodwill on incorporation

Posted by KarenCCarr PM | on Mon, 04/02/2013 - 13:41 695 4 comments | report

If a trader decides to incorporate can he claim incorporation relief on any goodwill he sells to the company? Presumably he would have to get the business valued.

I know you can claim incorporation relief on purchased goodwill, but if the goodwill was not purchased, but generated by the trader, is it possible to have this valued, and claim incorporation relief then leave it on the DLA?

Comments

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You can't...

George Attazder | Mon, 04/02/2013 - 17:02

Or..

Paul Scholes | Mon, 04/02/2013 - 23:10

I don't see why you can't

stevo5678 | Sun, 24/02/2013 - 09:24

Yes Steve but....

Paul Scholes | Sun, 24/02/2013 - 11:58