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Capital allowances for goodwill

Article ID

ias-12108

Article Name

Capital allowances for goodwill

Created Date

13th October 2015

Product

IRIS Business Tax

Problem

How do I enter goodwill as a capital allowance?

Resolution

Users are required to: 1. From the Edit menu, select Capital Allowances, Option A – Maintain Assets. 2. Select Insert Asset. 3. Use the spy glass next to ‘Asset category’ to select ‘503 Patents and licences’, enter Goodwill as the description. 4. Complete the other appropriate fields, click OK, Click Close.

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