I have changed the legal status of my business from a sole trader operation to a limited company. I will be seeking professional advice on this question but will post here also. As a sole trader I had fixed assets with the capital allowances only partly used so far. Can I transfer these fixed assets over to the company with no exchange of money and just place them on the books of the company. Would the company be liable for CGT on recieving these assest free of charge as such? Would I be able to continue getting the capital allowances through the company even though no money was paid by the company itself for these? If this was not a viable option could I sell the equipment to the company invoicing them? I believe not tax would be payable then as it is just sale of fixed assets to a seperate legal entity. Any feedback welcome.