Commentary

B2.443 Goodwill—expenditure in respect of goodwill and preservation of the business

Business tax
Business tax | Commentary

B2.443 Goodwill—expenditure in respect of goodwill and preservation of the business

Business tax | Commentary

B2.443 Goodwill—expenditure in respect of goodwill and preservation of the business

For corporation tax purposes, expenditure on intangible fixed assets falls within the intangible assets regime1, and is normally brought into the computation of trading profits in accordance with the accounting treatment. However, the legislation governing the tax treatment of goodwill in particular has been subject to several changes, including how and when relief is given for debits relating to goodwill. A summary of the rules and the changes made to the rules over the past few years is provided at D1.629A.

It is generally the case that expenditure incurred to

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