TAX TREATMENT OF GOODWILL ON INCORPORATION

TAX TREATMENT OF GOODWILL ON INCORPORATION

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Can somebody update me on the current rules with regard to tax relief available with regard to Goodwill created on Incorporation from a Sole trader to a Limited Company
RAJESH KANABAR

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By oyezstraker
01st Jan 2008 19:17

Goodwill
Hi Rajesh

If you look at the previous post below you should find the answer. The key is the date the sole trader commenced trading.

https://www.accountingweb.co.uk/cgi-bin/item.cgi?id=175304

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