Incorporation for Dental Practices

Incorporation has been available to dentists since 31st July 2006.

We identify the current position of your dental practice and review the benefits and disadvantages of Incorporation as a Dental Body Corporate.

We provide:

• Confirmation of Valuation by evaluating and analysing the practice's trading accounts for the previous three years and reviewing the goodwill valuation.

Discussion Document to cover:

• Objectives.
• Income Tax Implications.
• Corporation Tax.
• Capital Gains Tax.
• Goodwill and the impact of Business Asset Taper Relief.
• The dental practice premises and Stamp Duty Land Tax.
• Inheritance Tax.
• Additional Shareholders.
• Features of the new company.
• Business succession possibilities.

Concluding discussion to set a timetable of events leading to the commencement of company trading.