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Purchased goodwill for sole traders

Purchased goodwill for sole traders

Can a sole trader claim back purchased goodwill as an allowable cost. I know that limited companies can but I'm not sure about sole traders or partnerships

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13th Jul 2012 18:07

No

Only limited companies can.

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By Ian Bee
16th Jul 2012 16:06

CGT

Not as a trading expense but it will be the base cost on a future sale.

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