The Autumn Statement in December 2014 included a surprise amendment to the rules affecting how goodwill is treated on the incorporation of a trading business.
Okay, talking about stating the bleedin' obvious, I'm having a mental block! In fact, I'm almost embarrassed to ask the question it's that obvious. Anyway, here goes...
Yesterday, George Osborne, banned the use of Entrepreneurs Relief (ER) to be claimed when an unincorporated business incorporates and creates Goodwill which is then credited to the Driectors Loan A
The protection of limited liability is the most commonly cited reason for incorporating a business, according to research conducted by Ipsos MORI for HMRC that may be seen to add weight to call
Hello and thanks in advance for your help with this question.
3 GP's have just visited me to set up a botox clinic . (I wont try it - honest!).
I have a client who owns some investment/rental properties personally and now wants to incorporate the business/transfer the properties into a Company.