I would like some re-assurance or otherwise!:
My client is selling his limited company by way of an asset sale. (yes tax wise, a share sale was recommended, but the buyer is willing only to buy the assets and this is taken into consideration in the price).
My clients solicitor is asking for a breakdown between goodwill, freehold property and fixtures & equip.
I have the property valuation from the surveyor and the tax written down values of other assets, so the balence will be goodwill? Or is there any other way?
I just want to make sure Im not missing a trick here, as in my mind it makes no difference to my client how the assets are split as the company will pay CT on the net gain anyhow.
Your comments are much appreciated,