Capital gains tax exemption

[jea040609]

I traded as a sole trader 2014/2015.Went Ltd during 2015. I have to account for goodwill in my form11. A friend advised I could claim an exemption as no money was exchanged for goodwill at the time. Rang revenue who weren't very helpful (I usually find them v helpful with queires). Can anyone help me with this?

 

[Joe_90]

Did your friend mention section 600 conversion to a company relief?

What did your accountant say?

 

[jea040609]

That's it! Thanks Joe_90. I submit my own formula 11s usually. Do you know where and how I claim the s600 on the form11. Am googling it all evening but can't seem to make sense of it.

 

[Joe_90]

What basis are you using to value the goodwill?

Are you sure that you qualify for S600?

I'd imagine it's box 805 e.