Market leading insight for tax experts
View online issue

SDLT and Goodwill

Patrick Cannon considers what effect the recent alterations in HMRC's Capital Gains Tax Manual might have on SDLT reporting and payment in relation to goodwill
Taxpayers who check the box at the start of the SDLT 4 return to confirm that the land transaction is part of the sale of a business that includes goodwill can normally expect to receive an enquiry letter. That letter will ask whether SDLT was paid on the goodwill element of the amount of the total price identified in the SDLT 4 and refer the reader to what is said about goodwill in the HMRC Capital Gains Tax Manual.
If the taxpayer has not paid SDLT on the goodwill letters will usually be exchanged between the taxpayer's advisers and HMRC debating whether some or all of the...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.