IFA

Goodwill: M Smith and another v HMRC [2023] UKFTT 912 (TC) (30 October 2023) is an interesting case on the nature of goodwill. Two individual IFAs operated via a company. The business of the company was transferred to an LLP and the capital accounts...

Payment for asset transfer between connected parties was a distribution

Ashley Greenbank (Macfarlanes) reviews the consultation on the corporate intangible fixed assets regime and assesses the chances of real reform.