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A question of existence

07 September 2006
Issue: 4074 / Categories: Forum & Feedback

I am not sure if I have somehow overlooked a very simple answer to the following question. Mr and Mrs Smith trade, in partnership, as Smith Trading (they are not very imaginative). They have become averse to risk and have considered forming Smith Trading Limited and then transferring the trade into the company; but they are concerned at the impact of capital gains tax on the transfer of goodwill.

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