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)

Collectively, these are referred in the legislation as ‘relevant assets’.

Goodwill and customer-related assets

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Goodwill and other customer-related intangible assets