How do you intend to claim incorporation relief for only some of the assets? Or do you mean that the new company is making a payment as well as issuing shares?
What assets are you looking to claim Relief on?
£125,000 of assets. £25,000 of shares in new company. Incorporation relief on £25,000 taken as shares. £100,000 chargeable to CGT. Can that £100,000 be claimed as business asset disposal relief?
I've done a bit of both, mainly I find clients ask for recommendations and they pay for Xero themselves. A few I have set up myself as we prepare the returns and this was the best option for MTD.
My answers
Well yes. They have multiple fields and multiple barns/stables but no residential properties. Farm minus the farm house.
Am I? That wasn’t intentional
Sorry the asset is £125,000 worth of agricultural land and buildings.
£125,000 of assets. £25,000 of shares in new company. Incorporation relief on £25,000 taken as shares. £100,000 chargeable to CGT. Can that £100,000 be claimed as business asset disposal relief?
I've done a bit of both, mainly I find clients ask for recommendations and they pay for Xero themselves. A few I have set up myself as we prepare the returns and this was the best option for MTD.