Sage Corporation Tax - theory and application
System
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Please can someone assist?
In the accounts I have both depreciation and amortisation as the company has both tangible and intangible assets.
In my studies I have learnt that depreciation is disallowed and added back - does the same apply for amortisation?
If I do need to disallow it, how do I do this in Sage Corp Tax. Having tried to disallow both, I cant seem to get it to work. Similarly, am I right in thinking that I get no allowances for these intangible assets?
Kind regards
In the accounts I have both depreciation and amortisation as the company has both tangible and intangible assets.
In my studies I have learnt that depreciation is disallowed and added back - does the same apply for amortisation?
If I do need to disallow it, how do I do this in Sage Corp Tax. Having tried to disallow both, I cant seem to get it to work. Similarly, am I right in thinking that I get no allowances for these intangible assets?
Kind regards
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Comments
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Re:Sage Corporation Tax - theory and application
It is different with amortisation. Intangible assets amortisation is allowable against tax but you need to check this all out with the Inland Revenue sites as sometimes it depends what the intangible asset is!
Annette0