Goodwill of professional partnerships : the taxation aspects
Goodwill of professional partnerships : the taxation aspects
- 1987
- Portico Winter 1987, 22-24(3) .
Goodwill , defined as the remaining value of business after deducting the net value of tangible assets and liabilities, is of a greater interest with increasing mergers , acquisitions and reorganisations of professional firms. This article examines the accounting treatment of goodwill and both general and specific taxation considerations.
Goodwill , defined as the remaining value of business after deducting the net value of tangible assets and liabilities, is of a greater interest with increasing mergers , acquisitions and reorganisations of professional firms. This article examines the accounting treatment of goodwill and both general and specific taxation considerations.