What is the current tax treatment under section 8-1 ITAA97 of an expense involving the purchase of goodwill in relation to a business?

Name: What is the current tax treatment under section 8-1 ITAA97 of an expense involving the purchase of goodwill in relation to a business?
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Goodwill is considered a capital asset, and expenses related to its purchase are capital in nature. Under section 8-1 of the Income Tax Assessment Act 1997 (ITAA97), expenses that are capital in nature are not deductible.

What Is the Current Tax Treatment Under Section 8-1 ITAA97