- Stamp duty is no longer
payable on the transfer of goodwill after 23 April
2002.
- The 2002 Finance Act brought in tax relief for
companies on the amortisation of Goodwill acquired
after 31st
March 2002. Tax relief can now be enjoyed on Goodwill
acquired.
- Any profit arising on the disposal of goodwill
will be taxed in the company on an income basis,
although
there may be scope to defer this.
The valuation of goodwill has become more important
than ever. The Inland Revenue will almost certainly
look at any valuation. In view of the importance
now attached to getting the Goodwill valuation correct,
Hansons Tax Consultants offer a Valuation service.
Get the value wrong and you could be paying
thousands in extra tax.
For further details of our Valuation Service please
complete the feedback form, email IanPatterson@Hansons.uk.com or contact Ian Patterson on 01977 552 881. |
