Policy paper

Restriction of corporation tax relief for business goodwill amortisation

This measure affects companies who recognise purchased goodwill and customer related intangible assets in their accounts, typically on the acquisition of a business.

• From: HM Treasury
• Published: 8 July 2015

This was published under the 2015 to 2016 Cameron Conservative government

Documents

Restriction of corporation tax relief for business goodwill amortisation

PDF, 548 KB, 7 pages

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Details

This measure removes corporation tax (CT) relief for companies who write off the cost of purchased goodwill and certain customer related intangible assets. Relief will still be available if the goodwill is sold. This measure will apply to all acquisitions made on or after 8 July 2015 unless made pursuant to an unconditional obligation entered into before that date. It also applies to all goodwill created on or after that date

Published 8 July 2015