By Ola Sulaimon
THERE are different ways that business owners use to expand their business.
One such is acquiring a new business, most times the business acquired is usually assets both tangible such as computers, vans, etc. and intangible such as goodwill.
Before 1 April this year, the business owners acquiring these items, specifically goodwill, were able to claim amortisation claim against the acquisition.
Amortisation is a tax relief given over a period of time to the business owner.