Incorporation questions

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!

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Yes

thisistibi |
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Care needed

andrew.hyde |

S162

gbuckell |
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.

blok |
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... thanks to everyone!

jaybee661 |
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"but continuing to trade from

blok |
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@blok

jaybee661 |
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.

blok |
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Capital gain

gbuckell |
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whole or part of business

musclefoot |

.

blok |
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A bit of light reading

Paul Scholes |
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... thanks to everyone...

jaybee661 |
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Loss of business

pauljohnston |

ER on assets

Nichola Ross Martin |
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