Goodwill and other customer-related intangible assets

By Tolley

The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:

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

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.

‘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)