Incorporation questions

Posted by jaybee661 PM | on Wed, 04/01/2012 - 07:12 2972 15 comments | report

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!

Comments

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thisistibi | Wed, 04/01/2012 - 08:48

andrew.hyde | Wed, 04/01/2012 - 10:24

gbuckell | Wed, 04/01/2012 - 10:29

blok | Wed, 04/01/2012 - 11:08

jaybee661 | Wed, 04/01/2012 - 11:58

blok | Wed, 04/01/2012 - 12:27

jaybee661 | Wed, 04/01/2012 - 13:35

blok | Wed, 04/01/2012 - 14:09

gbuckell | Wed, 04/01/2012 - 14:19

musclefoot | Wed, 04/01/2012 - 17:23

blok | Wed, 04/01/2012 - 17:25

Paul Scholes | Wed, 04/01/2012 - 17:48

jaybee661 | Fri, 06/01/2012 - 06:39

pauljohnston | Fri, 06/01/2012 - 12:38

Nichola Ross Martin | Fri, 06/01/2012 - 17:16