The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Sale of fees - treatment
Post Info TOPIC: Sale of fees - treatment
Pip1974


Newbie

Status: Offline
Posts: 3
Date:
Sale of fees - treatment
Permalink Closed

Hi,

I am due to sell part of my client fee base (sale of fees plus business name/branding included), I have had a mental block on the correct bookkeeping treatment for this as I am not selling shares or the whole of my business!?!

They are purchasing 100% goodwill, but what are my transactions?

Thank you 



__________________
YLB-HO


Guru

Status: Offline
Posts: 715
Date:
Permalink Closed

You are selling your goodwill of your business, so its your CAPITAL GAIN. You would show it in the same way you would show a capital gain in your records.

__________________


Frauke
BKN Book-keeper of the year 2011
Pip1974


Newbie

Status: Offline
Posts: 3
Date:
Permalink Closed

The business is a Ltd Co.


__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Sale of fees - treatment
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About