Scenario is as follows
LLP set up with two partners, one of which is a Limited company.
The other partner would like to transfer his interest to a new limited company.
My intention is to value the goodwill on this sale, and therefore CGT will become due for the existing partner at 10%, however this will create a nice credit balance on his directors loan account in the new company.
within the LLP is a property, am I right in assuming that the disposal of the interest will also result in the disposal of a property. This is not a problem as it is unlikely to result in a large gain, however will the new company need to pay stamp duty on the purchase of 50% of the property?
Is there anything else I am missing here?