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With all the current global economic uncertainty the value of gold has reached a new high of $1,800 per ounce. Major economic structures have been shaken and continue to be, with speculation of a ‘double dip’ international recession. The euro prospect looks vulnerable, America’s sovereign rating has been downgraded, the dollar taking a hammering and other major currencies under pressure has led many investors to put substantial parts of their investments into gold, hence driving the price to record levels.
I am considering purchasing a business that I think I can get for a very good price. A significant part of the purchase price relates to the goodwill of the company. I have read recently that tax relief is now available on the acquisition of goodwill. How does this work?