Wildin v Revenue and Customs: FTTTx 14 May 2014

FTTTx CGT – valuation of goodwill in accounting practice -March 1982 deemed disposal valuation – calculation by reference to ‘client book’ or ‘whole practice’ taking account of net assets – market valuation – valuation on sale in 2003 – consistency of approach – valuation method to be used – multiple to be applied – held – ‘client book’ accepted as most appropriate valuation method for accountancy firms – multiples for 1982 and 2003 adjusted- appeal allowed in part.

[2014] UKFTT 459 (TC)

Capital Gains Tax

Updated: 05 December 2021; Ref: scu.526895