.
That's correct.
Hi Tax Dragon
The original £38k in July 2003 was goodwill on incorporation and therefore not allowable as it was a related party.
I have copies of the tax returns which shows it being eliminated each year.
Does this change your view ? Thanks
Sorry -so are you saying I am correct I can deduct the amount they paid for the goodwill ?
The goodwill has already been written off in the accounts and has a NBV of zero.
I have searched HMRC and can not find anywhere that it shows how to calculate this, although to be honest I am not at my best at the moment.
Thanks for any advice.
My answers
.
That's correct.
Hi Tax Dragon
The original £38k in July 2003 was goodwill on incorporation and therefore not allowable as it was a related party.
I have copies of the tax returns which shows it being eliminated each year.
Does this change your view ?
Thanks
Sorry -so are you saying I am correct I can deduct the amount they paid for the goodwill ?
The goodwill has already been written off in the accounts and has a NBV of zero.
I have searched HMRC and can not find anywhere that it shows how to calculate this, although to be honest I am not at my best at the moment.
Thanks for any advice.