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Podcast Episodes

A summary of each podcast episode is shown below. You can download the episodes where you usually obtain your podcasts including: Apple Podcasts, Amazon music, Spotify, Google podcasts, Podcast addict, Podchaser, PlayerFM or play from the link below. The podcasts provide tax CPD for accountants based in the UK

CPD tax podcast covering incorporation - part 1

Contact Nick Wright


Office:  0121 693 5000

Mobile:  07891 203889



This episode looks at how to incorporate a sole trader or partnership


The guest is Nick Wright of Jerroms Miller a leading UK specialist in taxation. Nick is a published tax author in publications including Taxation. Nick can be contacted for consultancy at or




This is the first episode of two covering incorporation relief and procedures. In this episode we look at


  • S162 relief

  • The incorporation procedure and which assets must be transferred

  • The issues arising from goodwill

  • Tax treatment of director’s loans

  • D32 concession and why it is important

  • Gift relief

  • Dealing with a retiring partner

  • The closing year considerations

Chapter headings and timings

3:46      Extra notes for episode

4:38      Overview of incorporation process

5:47      Understand the business

6:55      s162 Incorporation relief

7:36      Do you have to incorporate into a new company?

9:01      How to split the consideration

12:52    DLA and capital losses

13:30    Cash balances

16:12    Tax planning for the timing of the transfer

16:56    162 procedures

18:27    Goodwill and director's loan accounts

19:35    What you have to do with goodwill

20:10    D32 concession and practical examples

23:02    Do we transfer partners in same ratios as in the partnership

25:35    Disapplying s162

26:40    The possible role of gift relief

29:54    Investments

32:48    Role of subsidiary companies

33:02    The closing year computation

36:00    How to contact Nick

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