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Partnership business acquired by company was carried on before 1 April 2002

By Mark McLaughlin, February 2026

The appellant company was not entitled to a corporation tax deduction for the amortisationamortisation of goodwill acquired on incorporation of the business of a partnership, as the business acquired by the company was carried on by the partnership prior to 1 April 2002. 

Summary 

The appellant company was not entitled to a corporation tax deduction for the amortisationamortisation of goodwill acquired on the incorporation of the business of a partnership, as the business acquired by the company was carried on by the partnership prior to 1 April 2002. 

Background 

An individual (MS) set up a business in 1984. It subsequently became a partnership with two family members (AS in 1989 and TS in 2001). MS was an independent

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