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Companies Act 1989
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- UK Public General Acts
- 1989 c. 40
- SCHEDULE 7
- Part II
- Treatment of goodwill
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Changes over time for: Cross Heading: Treatment of goodwill
Version Superseded: 06/04/2008
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- 01/02/1991- Amendment
- 11/08/1998
Point in time - 06/04/2008- Amendment
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There are currently no known outstanding effects for the Companies Act 1989, Cross Heading: Treatment of goodwill.
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Treatment of goodwillE+W+S
3(1)The rules in paragraph 21 of Schedule 4 relating to the treatment of goodwill, and the rules in paragraphs 17 to 19 of that Schedule (valuation of fixed assets) so far as they relate to goodwill, apply for the purpose of dealing with any goodwill arising on consolidation.
(2)Goodwill shall be shown as a separate item in the balance sheet under an appropriate heading; and this applies notwithstanding anything in paragraph 10(1)(b) or (2) of Part I of this Schedule (under which goodwill, patents and trade marks may be stated in the company’s individual accounts as a single item).
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