Goodwill amortisation

Just had a look at a set of accounts for a similar sized practice to ours.  The intangible fixed assets have never been amortised.  Also the property has been revalued which is unusual but obviously strengthens the balance sheet. 

I was under the impression that goodwill had to be amortised over a maximum of 20 years.  Am I missing something here?

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By the way, the intangible

djn24 |

Who will care?

taxhound |
taxhound's picture

HMRC

The Black Knight |

Discovery>

BKD |
BKD's picture

The starting figure

The Black Knight |

The loss of tax

The Black Knight |

As you say companies house

djn24 |

Professional Body

Tim Robinson |
Tim Robinson's picture

In my experience

Roland195 |

you might think so

The Black Knight |

Waht does the accounting policy say?

Briar |

It is a Ltd Co. 

djn24 |