Need to tap those juicy knowledge-filled brains of yours again if I may?
I am aware of the CTA 2009 and the 'trading' intangibles rules for allowable deductions of amortisation / 4% WDA election.
My question is are such deductions allowable for acquired goodwill? If so, assuming a 20 year allowable UEL, it would be most beneficial not to make the 4% WDA (unless UEL > 25 years). For example, on the purchase of a company with a FV of £90,000 for £100,000 resulting in £10,000 goodwill, an allowable tax deduction of £500 would arise.
If the deductions are allowable, could you please post some links for evidence (HMRC / CTA / other). I searched through the CTA 2009 but navigating through that is harder than Chinese algebra.
Many thanks in advance,