Partnership Incorporation
JJH1969
Registered Posts: 110 Epic contributor 🐘
I am just doing my first transfer of a partnership to a LTD company. Does the partnership return need to show a disposal of chargeable assets for the goodwill or does everything go on the individuals tax returns? The goodwill as about £15k between the two partners. The partnership ceased on 31.3.13 and the new Ltd company started on 1st April 2013. How does the stock, debtors, bank etc get transferred to the new Ltd Company and what happens to the Capital Accounts of the partners - do they go to Directors Loan Account?
Thank you in anticipation!
Thank you in anticipation!
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 322 NEW! Qualifications 2022
- 159 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 93 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership