Selling a domain name registered by me to my Ltd Co.
Selling a domain name registered by me to my Ltd Co.
Author
Discussion

RegMolehusband

Original Poster:

4,116 posts

288 months

Monday 23rd February 2015
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Eight years ago I bought a domain name to secure it in advance of setting up my limited company.

The company is now turning over £0.5M with £0.6M+ expected this year. I still own that domain name and intend to sell the company in 3-5 years time.

Clearly any buyer would want the company to own the domain name. It consists of the company's unique brand name and is the URL for the company's successful e-commerce website. An accounting company has been marketing themselves to me recently and their guy has suggested that I could sell this asset to the limited company with the added benefit of using up part (or all!) of my CGT allowance this year.

What are the thoughts of you business people and accountants out there please?

anonymous-user

85 months

Tuesday 24th February 2015
quotequote all
sounds sensible

Do it when the time is right for you and the business (which might be just before the company is sold for instance) rather than right now just because the accountant suggested it

RegMolehusband

Original Poster:

4,116 posts

288 months

Tuesday 24th February 2015
quotequote all
Thanks for your comment JPJPJP - I like your spider catcher smile

Any other thoughts - valuing it could be tricky!

anonymous-user

85 months

Tuesday 24th February 2015
quotequote all
seek an 'independent' valuation, but make sure it is in line with your expectations

your cgt allowance is £11k so have that in mind - it might be most convenient if the valuation came in somewhere close to the number that used up all that allowance