goodwill sale

goodwill sale

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Hello.
We have a small loss on disposal iff goodwill. Purchased £40,000. Sold £34,000. six months later.
Can the £6k loss be offset against other income from this year?
Thanks lots.
Paul

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By martin.alan-day.co.uk
14th Sep 2005 16:36

Capital loss
This is a capital loss. Assuming the client is not a company then this is only available for offset against capital profits and the normal rules regarding carry back, use in year and, carry forward of capital losses apply.

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