- This topic has 1 reply, 1 voice, and was last updated 5 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>
Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Deferred tax and goodwill
In the bbp study book it states income tax states the exceptions to taxable temporary differences for deferred tax liability is the goodwill for which amortization is not tax deductible.
Goodwill is impaired not amortized, or have I got this wrong.
I thought all other intangibles are amortized as they usually have a finite life but goodwill is impaired.
Ignore that just went through your lecture again and goodwill is a permanent difference :/ no idea what bpp are going on about.
Am I right to say the other exception in taxable temporary difference is intangible assets with finite life.
That’s my understanding from bpp book.