The date of transfer of the business and goodwill of a dental practice from a partnership to a connected company was 1 December 2014, not 23 October 2015 as HMRC contended, and the appellants’ appeal against HMRC’s denial of goodwill amortisation was allowed.
Summary
The date of transfer of the business and goodwill of a dental practice from a partnership to a connected company was 1 December 2014, not 23 October 2015 as HM Revenue and Customs (HMRC) contended, and the appellants’ appeal against HMRC’s denial of goodwill amortisation was allowed.
Background
Prior to December 2014, two individuals carried on a dental practice business in partnership from premises in Dartford. The partners originally acquired the business from an unconnected third party in 2008. The business provided both private and NHS dental services. The appellant company, which was