Forum Archive Index - October 2000

["Wedde, John" <john.wedde@cit.ac.nz>]

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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