Tax relief on Goodwill | AccountingWEB

Tax relief on Goodwill

Client acquired a third part business and paid for goodwill in the accounting period. I am aware the rules were changed a few years ago and any non-related party goodwill acquired after 5 April 2002 (I think) and full tax relief is available.

Is the tax relief claimed fully in year on purchase or spread over the period in which it is amortised in the accounts?
Thank you in advance.

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Thankyou all for your help.

Anonymous |

Intangibles i.e. goodwill......

billgilcom |
billgilcom's picture

Acquired goodwill

yeboyye |

Be realistic....

billgilcom |
billgilcom's picture

1 April 2002

AnonymousUser |

Amortisation period

Anonymous |