Accounting for taper

09 January 2008

Issue: 4140 / Categories: Forum & Feedback

Now that 75% taper relief looks likely to end next 5 April, it focuses my mind even more on whether I should incorporate my accountancy practice before then. The goodwill would be very considerable — over £1 million on any analysis — but I have heard lots of arguments for and against.

Now that 75% taper relief looks likely to end next 5 April it focuses my mind even more on whether I should incorporate my accountancy practice before then. The goodwill would be very considerable — over £1 million on any analysis — but I have heard lots of arguments for and against.

Leaving aside the possibility that the effective 10% capital gains tax rate might (just might) be reinstated on second thoughts by the Government what are readers' view generally please about a limited company or a limited liability partnership? I have in mind of course preserving indexation not to mention taper relief. 18% is no good to me!

Query T17 133 – No Surrender.

Reply by The Snark:

No Surrender talks about preserving indexation not to mention taper relief. I presume that he means utilising the benefit...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.