Hi,
I need assistance please in finding how to claim Corporation Tax Relief on Purchased Goodwill (6.5%) in SAGE CORPROATION TAX.
I also wish to populate box 640 'has written down or sold intangible assets'.
I am unable to see any section in SAGE CORPORATION TAX for intangibles.
Your help would be much appreciated.
Thank you
Kind regards
Ali
Hi Ali,
Thanks for using Community Hub.
For Goodwill, the following article includes some steps that are useful: Goodwill and other adjustments >
The following is the field required for Box 640:
If this helps, please click Verify Answer.
Regards,
Andy
Sage UKI
Dear Andy
Thank you for your swift response.
I should have mentioned the package I am using as the above screenshot appears to be from SAGE CORPROATION TAX DESKTOP.
I am using the SAGE CLOUD version of Corporation Tax and cannot find anything to input in relation to Tax Relief on Goodwill.
Please advise. Your help will be much appreciated.
Kind regards
Ali
Hi Ali, thanks for coming back.
The 'Intangible Fixed Assets' element is not currently available in Corporation Tax Online. With regard to the Goodwill it may be possible to record it through Trade > Turnover and Adjustments:
Andy
