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Benefits - Tax Planning Opportunities

GPs can benefit from the sale of Goodwill if they have shares in a company or co-operative that does not have a registered list. This will be a commercial decision for a GP or practice to make, in the same way as they may choose to have shares in any other category of company.

The regulations relating to the sale of goodwill refer to restrictions in relation to a medical practice which has a list of registered patients. This relates to all practices providing essential services.

Specific rules are applied to a value of the Practice.

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Khan Thornton, 14-18 Heralds Way, Town Centre, South Woodham Ferrers, Chelmsford, Essex, CM3 5TQ