CGT incorporation relief – some practical issues

Converting a business from sole trader status to incorporated company has some tax advantages, but it is important to consider the interplay of capital gains tax rules, explains Stephanie Webber, tax writer at Croner-i

The incorporation of the business of a sole trader or partnership may take place for a variety of reasons, both tax and non-tax, including in order to obtain the protection of limited liability, easier access to funding and lower corporate tax rates. Whatever the reason, it is a scenario that most practitioners are likely to have to deal with.

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