I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
Clarification- Iwas a self employed dentist - I am now a self empolyed dentist so the only difference is that I m paying the new business for the use of the surgery rather than paying for it myself
Mark, thank you for your reply and clarification.If you sold the dental practice for a sum, then there would have been some gain/loss on sale of it.In my considered view, there is a cessation and a start-up. The profession/nature of business may be the same.. previously you were a owner and occupied your surgery and now you are self employed contractor to the new owner of surgery.I hope this is helpful.