Corporation Tax

Goodwill and other customer-related intangible assets

Produced by Tolley
  • 10 Jan 2022 15:02

The following Corporation Tax guidance note Produced 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
  • Acquisitions of goodwill or customer-related assets from related parties
  • Goodwill and customer-related assets before 1 April 2019

Goodwill and other customer-related intangible assets

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 Table ― tax relief for acquisitions of goodwill.

‘Goodwill and other customer-related assets’ means:

  1. goodwill in a business or part of a business

  2. information which relates to customers or potential customers of a business or part of a business

  3. 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

  4. an unregistered trademark or other sign used in the course of a business or part of a business

  5. 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 debits which relate to goodwill and customer-related assets which were

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