TaxTMI 
TaxTMI 
Plz give your expert opinion on capital gain on goodwill on transfer of professional nursing home/hospital of an individual.
S.C.WADHWA
capital gain on goodwill on transfer of professionalhospital of an individual
06 Sep 2012 
3 Replies 
1845 Views Asked by
Slump sale treatment may apply to transfer of professional hospital, affecting capital gain characterization under tax law.
The transfer of an individual's professional nursing home/hospital may qualify as a slump sale given prior acquisition and the practising surgeon's involvement; this characterization affects the tax treatment of goodwill and capital gain and requires detailed factual analysis under the slump sale provisions (refer to Section 50B). (AI Summary)
The transfer of an individual's professional nursing home/hospital may qualify as a slump sale given prior acquisition and the practising surgeon's involvement; this characterization affects the tax treatment of goodwill and capital gain and requires detailed factual analysis under the slump sale provisions (refer to Section 50B). (AI Summary)