I have been operating as a sole trader and a limited company, doing very similar services. I want to now move the sole trader business into the limited company (for reasons of personal liability and tax-efficiency). Is this as simple as just stopping invoicing as a sole trader and starting to invoice from the limited company instead? Are there any other tax issues I need to think about?

Arthur Weller replies:
It appears that you are transferring the goodwill of the sole trader business into the limited company, in which case capital gains tax could apply.

I have been operating as a sole trader and a limited company, doing very similar services. I want to now move the sole trader business into the limited company (for reasons of personal liability and tax-efficiency). Is this as simple as just stopping invoicing as a sole trader and starting to invoice from the limited company instead? Are there any other tax issues I need to think about?

Arthur Weller replies:
It appears that you are transferring the goodwill of the sole trader business into the limited company, in which case capital gains tax could apply.