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Incorporation restrictions

To counter a perceived avoidance, legislation is to be introduced from 3 December 2014 to deny entrepreneurs’ relief on the transfer of goodwill to a limited company with which the vendor is connected. This affects individuals and partners that incorporate their business and sell their goodwill to the company.

At the same time legislation will restrict relief for companies that acquire internally generated goodwill from a related party on the incorporation of the business.



Date: 3rd December, 2014
Author: Cathy Corns


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