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Thread: liquor license

  1. #1
    Silver Member geraldenek's Avatar
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    liquor license

    Morning, desperate in need of help today.

    If you own a restaurant/pub and you purchased a liquor license - is this classified in the financials as an intangible asset, and if so, does it get amortized?

    Thank you in advance for the help.
    Geraldene Kapp
    Professional Tax Help
    www.mytaxhelp.co.za

  2. #2
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    Hi Geraldenek, was this a transfer of a licence? Or did the present owner license the pub as such?

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