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No evidence that goodwill disposal was made before 3 December 2014

By Mark McLaughlin, June 2024

An entrepreneurs’ relief claim on the disposal of goodwill upon the incorporation of a business was unsuccessful, as the taxpayer was unable to prove that the disposal took place before the introduction of rules restricting relief on goodwill disposals from 3 December 2014. 

Summary 

An entrepreneurs’ relief (ER) claim on the disposal of goodwill on the incorporation of a business was unsuccessful, as the taxpayer was unable to prove that the disposal took place before the introduction of rules restricting relief on goodwill disposals from 3 December 2014. 

Background 

The appellant established her first nursery school in 1996, which operated from premises at a church under a personal licence. In 2001, the appellant opened a second school, which also operated from premises at a church under a personal licence. In the period to 2011, the business gained reputation and

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