Unit 18 Full paper 2 Osbourne HELP

Guns

Hey all,

Just a query on the goodwill and gift relief on full paper 2 section 1 of Osbourne Unit 18.

To summarise, "minnie ceases trading, has goodwill valued at £30,000 at time trading ceases".

Her sister is taking over the businesss but the business is being given to her.

Task 1.4
Calculate capital gains tax on Minnies disposals, including good will ignoring any gift relief.


I am a bit stuck here, any pointers? My head says one thing and my text book says another. From what I can tell the goodwill is the only item which could be taxed, however just want some pointers please.

Thanks in advance

My email is tim_lloyd@hotmail.com if its easier.

Tim