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First-tier Tribunal (Tax)
You are here: BAILII >> Databases >> First-tier Tribunal (Tax) >> NELLSAR LIMITED v Revenue & Customs (Corporation tax - relief for amortisation of goodwill) [2023] UKFTT 718 (TC) (11 August 2023)
URL: http://www.bailii.org/uk/cases/UKFTT/TC/2023/TC08908.html
Cite as: [2023] UKFTT 718 (TC)
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| Decision Number: | TC 08908 |
| Appellant: | NELLSAR LIMITED |
| Respondent: | His Majesty's Revenue & Customs |
|
Chairmen / Special Commissioners: |
Kevin POOLE |
| Date Of Decision: | 11/08/2023 |
| Main Category: | PROCEDURE |
| Main Subcategory: | Other |
| Notes: | Corporation tax - relief for amortisation of goodwill - Schedule 29 Finance Act 2002 & Part 8 Corporation Tax Act 2009 - purchase of care home businesses including properties - amounts of goodwill to be recognised and capitalised on acquisition, available for subsequent amortisation with corresponding corporation tax debits - UK GAAP - Financial Reporting Standards 6 & 7 - RICS -Red Book- valuation principles - goodwill amounts dependent on property valuations - whether properties should be fair valued under UK GAAP using market value or depreciated replacement cost Stamp Duty Land Tax - just and reasonable apportionment of price paid for properties and for goodwill - paragraph 4, Schedule 4 Finance Act 2003 |