D1.624 Intangible credits—negative goodwill

Corporate tax

Commentary

Negative goodwill can be recognised where the fair value of assets and liabilities acquired when purchasing a business exceeds the price paid for the business. The accounting treatment of negative goodwill depends on which accounting standards are being used by the company (see D1.611). Under FRS 102 and FRS 105 negative goodwill is recognised on the balance sheet and released to profit and loss on the same basis as any non-monetary

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D1.624 Intangible credits—negative goodwill

Corporate tax

E5.607 Corporate members

A4.204 Claims procedure—corporation tax

D1.8101 Groups of companies

B3.340A Hire purchase of plant and machinery and similar contracts

I7.504 Designation for the conditional exemption

A4.214 Claims following further assessments—income tax and capital gains tax

A1.810 Limitation

E5.406 Employees of European Union delegations—tax exemptions

I5.226 Disposals of QIIPs for consideration

I4.562 Sales and mortgages of reversionary interests

E4.1118 Calculation and payment of tax due on retrospective income

I8.335 Valuation on death of partner in service

D3.410 Benefits provided by close companies to participators

D1.404B Large company definition for R&D tax relief

D1.1061 Substantial shareholding exemption—interaction with other reliefs

B5.846 Charities and close companies

B5.101 What is 'farming' and 'market gardening'

D6.711 Liquidation—capital gains implications

D6.233 Rights issue—sale of rights nil paid

C3.1706 PPR relief where there is job-related accommodation

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D1.624 Intangible credits—negative goodwill

Corporate tax

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