08 June 2006
My client wishes to incorporate her business and we will seek relief under TCGA 1992, s 162. I have seen some texts that suggest that no stamp duty is payable on the issue of the shares, but others suggest that shares issued for a consideration (in my client's case, the assets of her business) attract a liability of 0.5% of the value of the assets (including the goodwill).
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.
