Goodwill and other customer-related intangible assets

Produced by a Tolley Corporation Tax expert

Corporation Tax

Guidance

There have been several changes to the deductibility of debits in relation to goodwill and other customer-related assets since the corporate intangible regime was introduced, and the treatment is dependent on when the asset was acquired or created.

For a summary of the changes since the regime was introduced, see the Decision table ― tax relief for acquisitions of goodwill.

‘Goodwill and other customer-related assets’ means:

•
goodwill in a business or part of a business
•
information which relates to customers or potential customers of a business or part of a business
•
a relationship (whether contractual or not) between a person carrying on a business and one or more customers of that business or part of that business
•
an unregistered trademark or other sign used in the course of a business or part of a business
•
a licence or other right in respect of any of the above assets

CTA 2009, s 879A(2)

Goodwill and customer-related assets acquired on or after 1 April 2019

Relief is given for

Continue reading the full document

To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™

TAKE A FREE TRIAL NOW

Popular Articles

Personal Tax

Married couple’s allowance

Married couple’s allowanceThe married couple’s allowance (MCA) is only available if one of the two spouses or civil partners was born before 6 April 1935. This means that one member of the couple must be at least 89 years old on 5 April 2024 to qualify for an allowance in the 2023/24 tax year.There

14 Jul 2020 12:13 | Produced by Tolley Read more

Employment Tax

Non-business expenses

Non-business expensesIntroductionIn order for an expense to be tax deductible it must be incurred because of an employee’s employment. Any non-business related expense is, therefore, not relievable except in some very particular circumstances.This guidance note deals with three separate issues. The

14 Jul 2020 12:16 | Produced by Tolley Read more

Personal Tax

Interest and penalties on late paid tax under self assessment

Interest and penalties on late paid tax under self assessmentInterestIf the capital gains tax, the balancing payment or payments on account of tax and / or Class 4 national insurance contributions (NIC) are paid late, HMRC will charge interest on the amount overdue from the original due date. The

14 Jul 2020 12:00 | Produced by Tolley Read more

Goodwill and other customer-related intangible assets

Goodwill and other customer-related intangible assets