Commentary

D1.629C Goodwill and customer-related assets acquired or created before 1 April 2019

Corporate tax
Corporate tax | Commentary

D1.629C Goodwill and customer-related assets acquired or created before 1 April 2019

Corporate tax | Commentary

D1.629C Goodwill and customer-related assets acquired or created 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. The changes are summarised in D1.629A and the treatment of such assets acquired or created on or after 1 April 2019 is set out in D1.629B.

Goodwill and customer-related assets acquired or created on or after 8 July 2015 but before 1 April 2019

Where a company acquired or created goodwill or a customer-related asset on or after 8 July 2015 but before 1 April 2019 it was not permitted to claim relief for debits, other than realisation debits, arising in respect of such assets. Any realisation debits arising on such assets were treated as non-trading debits1. This provision was repealed from 1 April 2019 but the rules were effectively replaced for these same assets which are now known as pre-FA 2019 assets (see D1.629B).

Customer-related assets

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