Goodwill transferred from sole trade to Ltd Co. Obviously connected parties.
Annual amortisation - is it allowable for tax purposes?
I seem to remember that up to 2002 it wasn't, but after that it was!
What is the position now, please?
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Correct
If the sole trader business started after 31/3/02 then the company can claim tax relief for amortisation even though acquired from a connected party.