The amortisation of goodwill can have significant implications for your business finances in Australia.

Goodwill is an intangible asset that arises when a company acquires another business at a price higher than the fair value of its net assets.

This premium paid is recorded as goodwill on the acquiring company's balance sheet.

In Australia, the tax treatment of goodwill amortisation has been a topic of ongoing discussion and changes.

Historically, businesses were able to claim tax deductions for the amortisation of goodwill over a 25-year period.

However, the tax laws have evolved, and the deductibility of goodwill amortisation has become more complex. - https://australiafocusguide.com/blog/amortisation-goodwill-tax-deductible-australia/?unique_id_iom41kql

Amortisation of Goodwill: Exploring the Tax Implications for Australian Businesses