Taper relief on sale of goodwill?
jilbo
Registered Posts: 197 Dedicated contributor 🦉
Is taper relief available on the chargeable gain due to the sale of goodwill when a business is sold? Am questioning this because how long has the asset beeen 'owned', since the start of the business?
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Comments
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I would not have thought so?? Which unit are you doing as i have never came across this in my PTC revision? Do we need to know it??0
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Hi Moseley, it would be in BTC not PTC. Sorry didn't mean to scare you, it didn't come up, that I remember when I did BTC, just something that's come up now with a client. Should have posted in MIP section, forgot which section I was in!0
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Hi Jilbo,
Yes there would, but remember limited companies dont get taper relief!
Chris0
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