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alan fulford
Sep 24, 2007, 03:19 AM
The Directors are selling a limited company asset being the lease of a pub, and of which company there are only three shareholders.

How should the sale proceeds be best allocated for tax purposes bearing in mind that the Balance Sheet valuations of the lease and the fixtures and fittings are only 50% approx of the expected sale monies ?. There is no current Balance Sheet entry for goodwill.

Your views would be much appreciated

Alan Fulford