Dangerous dentist

The forthcoming relaxation of the Dentists Act will allow dentists to practice as limited companies and form partnerships with non-dentists. What are the potential pitfalls and likely attacks from the Inland Revenue in the following scenario?

A successful dentist who has been trading on his own account for over two years admits his wife into partnership at no cost to her. The partnership trades for a further two years (is this necessary?) to obtain the benefits of maximum taper relief on the practice goodwill. The partnership then runs a parallel partnership with a newly formed limited company whose sole shareholders are the dentist and his wife. Goodwill of say £30 000 each per annum is transferred to the company so the capital gains tax payable after taper relief and annual exemptions will be nil. This is done each year until the full value...