Recent content by _1LD

  1. 1

    Partnership to limited company - assets

    Ah yes I see. Why the hell didn't my accountant know that
  2. 1

    Partnership to limited company - assets

    See here it states 18 or 28 not 10 or 20 Put gov and uk in front of this /capital-gains-tax/work-out-your-capital-gains-tax-rate
  3. 1

    Partnership to limited company - assets

    Enterepreneurs relief ended with goodwill last year I read. I have another meeting with accountant next week just trying to brush up to get my questions ready
  4. 1

    Partnership to limited company - assets

    I thought capital gains tax with a connected person is 18% for lower tax band and 28% for higher. That's what it says on hmrc
  5. 1

    Partnership to limited company - assets

    Yes I was thinking the same. What happens if the goodwill is deemed to be worth more than 22k though? I'll have to pay 28% capital gains tax on the additional goodwill won't I.
  6. 1

    Partnership to limited company - assets

    Right thanks so the equipment can be transfered with no capital gain. Does the company owe money to me for me transferring the equipment to it though?
  7. 1

    Partnership to limited company - assets

    Ok thanks Now then. I understand that if I do sell the assets and goodwil on without this incorporation relief I would ou capital gains tax on them but the company would then owe me the amount I sold them to it for. Which I could then withdraw via the directors loan account. What happens if I...
  8. 1

    Partnership to limited company - assets

    what about goodwill - do I have to give a value to goodwill? The company has about £70K of booked business over the next 18 months
  9. 1

    Partnership to limited company - assets

    So are you saying that unless I use Incoporation Relief there is in fact capital gains on my equipment? Why is there a capital gain on it when it is worth less than what I paid for it?
  10. 1

    Partnership to limited company - assets

    I have been operating as a photography company as a partnership for 4 years and I now wish to incorporate into a limited company. I have acquired over the years a lot of equipment. I have looked at what it is all worth second hand and it comes to £26K. When I bring that into my company what...
  11. 1

    iZettle phone payment

    No it doesn't work like that, theres a manual card input in the izettle app on the iphone/ipad i would send you a link but i cant as im a newb. but if you youtube izettle visa payment its the first one that comes up
  12. 1

    iZettle phone payment

    I just signed up with iZettle and have been told by them I cannot do over the phone payments. I'm confused because I'm pretty sure I can. Using the manual charge method for visa and mastercard surely I can just send a text message from my ipad to my iphone and then enter the details the...
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