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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