Incorporation | AccountingWEB


A sole trader has incorporated in 2014/15.  They are claiming s162 relief on the goodwill, so there is no CGT payable.  Does this need to be reported on the personal tax return for the sole trader?


The Chancellor’s shock announcement about dividend taxation left lots of ac


During his Summer Budget speech, George Osborne set out the thinking behind a new dividend tax credit that reduces the amount of tax paid on income from shares.


Companies House have just returned formation papers because "business occupation" was not completed for directors.


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.

Hi all,

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.