Goodwill write-off for a sole trader - is it tax deductible?

Goodwill write-off for a sole trader - is it...

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Can one sole trader purchasing a block of fees from another sole trader claim relief for the amortised goodwill, against their trading profits?  Does this only apply to companies?

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By cathygrimmer
18th May 2010 15:36

Only companies

No relief - sorry. Only companies can have relief for amortised goodwill.

Cathy

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