Angels and Demons and taking risks, page-82

Okay I'll try again.

Read the HMRC document which I attached to my post.

They key statement in that document is:

"The current rules only allow relief to be claimed when a company acquires a business directly rather than acquiring the shares in the target company. Purchased goodwill can only be recognised on a business acquisition not on an acquisition of shares. "

Also, assuming S&G could claim a deduction for a goodwill write off, which I doubt because I think the UK acquisition was a share purchase, what would the UK taxman say if the goodwill write off was written back (i.e the impairment is reversed). Would he say good luck chum your a tax planning guru and you can keep the tax saving, or would he say I'll have some of that?

Finally, are you saying your post about the alleged tax benefit is the cause of the recent rise in the share price. It sure seems that is what your are saying. Lol.