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Transfer of assets to Limited company on incorporation

emma1801emma1801 Feels At HomeRegistered Posts: 54
I need to make an election to transfer assets at Nil tax written down value S266 CAA 2001

Should I enter this on the individual tax return SA100 or on the capital gains summary pages SA108, can any one advise?


  • RhodeRhode Registered Posts: 1
    It would be better to seek the advice of an incorporation company before you make the final call. I remember having the same confusion back in 2011, although I do not know whether you have the exact same doubts. People from Ontario Business Central http://www.ontariobusinesscentral.ca/ stepped in to help me out in resolving the issue.
  • emma1801emma1801 Feels At Home Registered Posts: 54
    Thank you for your advice, yes I did seek advice in the end.
  • burgburg Experienced Mentor GloucesterModerator, FMAAT, AAT Licensed Accountant Posts: 1,441
    If you transfer at nil tax wdv then it is not a CGT issue as these assets have been subject to a trade and CA's claimed.

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