Forum Archive Index - October 2000

["Talacek, Philip " <pjt57@elec.canterbury.ac.nz>]

Certainly there would seem there must be a reason why this sort of action
was not under taken, as the value is clear.  If goodwill amortisation is not
tax deductable, can someone explain why it is treated differently to
depreciation of the other tangible assets?  There must be some tax
lawyer/accountant out there who can give us a definitive answer.  That's if
we haven't already been provided with it.

> -----Original Message-----
> From: Wedde, John [SMTP:john.wedde@cit.ac.nz]
> Sent: Monday, 9 October 2000 12:34
> To:   'sharechat@sharechat.co.nz'
> Subject:      RE: [sharechat] tel
> 
> Hi Brian,
> I must admit to having given an opinion on this off the top of my head. I
> said I believed goodwill [or more correctly the amortisation of it was]
> tax
> deductible. Please see my earlier posting. Perhaps I'm wrong here but
> isn't
> it like other intangible or fixed assets that are amortisised or
> depreciated
> over their useful life with this depreciation or amortisation being a tax
> deductible expense in the years it occurs?
> Cheers,
> John
> 
> 
>               -----Original Message-----
>               From:   Brian Gale [mailto:brigale@i4free.co.nz]
>               Sent:   Tuesday, 10 October 2000 13:00
>               To:     sharechat@sharechat.co.nz
>               Subject:        re: [sharechat] tel 
> 
>               Yes that's the problem. Goodwill is a balance sheet item -
> non-deductible 
>               when written off.
> 
>               BG
> 
>               At 10:22 10-10-00 +1300, you wrote:
>               >I don't think that the write off of goodwill is a tax
> deductable expense
>               >Cheers
>               >Mike H
>               >
>       
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