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Companies buying goodwill

Going forward it seems that for acquisitions after today companies will not be able to claim tax relief on the cost of purchased goodwill and other customer-related intangible assets eg. data lists.  Additionally there will be restrictions on utilisation of any losses realised on sales of goodwill but apparently no change to the taxation of any such profits.

 

 

Date: 8th July, 2015
Author: Cathy Corns

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