Incorporating a business
by Martin Jackson
1. [Methods](https://library.croneri.co.uk/po-heading-id_3icuPqH7cUCbtXWTw2JB-w)
1.1. Exchange for shares
1.1.1. Incorporation relief
1.2. Gift
1.2.1. Gift relief
1.3. Sale at market value (MV)
2. [Income tax](https://library.croneri.co.uk/po-heading-id_MVvpi4wruEuPM0qV2Ir-Qg)
2.1. End of period
2.2. Stock and WIP transfer at MV
2.2.1. Elect for cost/proceeds
2.3. Capital allowances
2.3.1. No AIA/FYA
2.3.2. Disposal value
2.3.2.1. Sale
2.3.2.1.1. Proceeds
2.3.2.2. Gift
2.3.2.2.1. MV
2.4. Losses
2.4.1. Relief against income from company
3. [Advising the client](https://library.croneri.co.uk/po-heading-id_diY03BhS7kq5S__QGYL6dw)
4. [CGT](https://library.croneri.co.uk/po-heading-id_r9CL4hCh5U2IogndL6z8bQ)
4.1. Gain at MV
4.1.1. Incorporation relief
4.1.1.1. All assets
4.1.2. Gift relief
4.1.2.1. Choice of assets
4.1.3. Business asset disposal relief
4.1.3.1. (formerly Entrepreneurs' Relief)
4.1.3.2. Not goodwill
5. [Other taxes](https://library.croneri.co.uk/po-heading-id_7nBTxcHtc0CgyEUDawrZsA)
5.1. VAT
5.1.1. Transfer of a going concern
5.2. SDLT (and similar)
5.3. PAYE
5.3.1. Succession