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|Original Message Added : 23 Jul 2010|
I have been tasked with trying to find out how the following can be treated under both UK and International accounting and tax law:
We have just acquired a company that was put in administration. We paid the staff of that company for the 2 weeks prior to acquisition, which we were under no obligation to do, however the staff would have been out of pocket and morale would have been very low. As the parent company we expensed these costs to the P&L but the question has been raised of, 'is there scope to treat these costs as part of the acquisition?'
If anyone has any ideas/suggestions, i'd be more than glad to hear.