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Claiming Amortisation of Goodwill

How/where on the CT600 do you claim the 6.5% writing down allowance for Amortisation

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A client (Limited Company) purchased an Archtect practice from a completly unrelated person. For ease they will write off the Goodwill at 6.5%. How/where does this go on the CT600. IRIS is adding back the Amortisation automatically, do I just overide this so that there is no add back or is there somewhere to claim for it. I cannot see anywhere it should go.

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By Paul Crowley
07th May 2021 17:13

If the goodwill is allowable then you need to pick the correct amortisation code in Iris

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By Cleggy1
07th May 2021 17:47

297/11 - Thank you very much. I didnt know IRIS did tax using sub-accounts.

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