Sole Trader to Limited Company

Posted by Anonymous PM | on Mon, 10/05/2010 - 11:08 8581 19 comments | report

A client is looking to move from a sole trader to a limited company. In terms of the treatment of her sole trader capital account balance , my understanding is this will become the goodwill of the limited company (or even a Loan ?) which is the available to de drawn tax free if the client wishes.

Is this correct ?

Comments

There are 19 comments. Login or register to view them.

Cart before the horse

ShirleyM | Mon, 10/05/2010 - 11:44

Sole Trader to Limited Company

Anonymous | Mon, 10/05/2010 - 12:24

Rough Guide

ShirleyM | Mon, 10/05/2010 - 13:10

Shirley

Anonymous | Mon, 10/05/2010 - 14:49

Pembo

ShirleyM | Mon, 10/05/2010 - 15:22

on reflection

Anonymous | Mon, 10/05/2010 - 16:19

Thanks Pembo

ShirleyM | Mon, 10/05/2010 - 16:41

HMRC Valuation of Goodwill?

timmcarr | Tue, 11/05/2010 - 13:09

Form CG34

ShirleyM | Tue, 11/05/2010 - 13:59

Thanks

timmcarr | Tue, 11/05/2010 - 15:16

Timing of valuation

DavidW878 | Mon, 17/05/2010 - 11:55

CT charge

Anonymous | Mon, 17/05/2010 - 11:55

Get the valuation agreed by HMRC

agwilshaw | Mon, 17/05/2010 - 12:02

When was goodwill created?

anavrin | Mon, 17/05/2010 - 12:30

Yes, you can leave your proceeds outstanding as a loan

Nichola Ross Martin | Mon, 17/05/2010 - 12:38

HMRC agreement?

Anonymous | Mon, 17/05/2010 - 12:53

Could be more hassle than it's worth?

Anonymous | Mon, 17/05/2010 - 13:54

On a completely non tax point

David Melia | Mon, 17/05/2010 - 15:20

Goodwill valuation clauses

cfield | Wed, 23/06/2010 - 01:18