HMRC have published new guidance on changes to corporation tax relief on goodwill and relevant assets for businesses and tax agents.
From 1 April 2019 the corporation tax relief restriction rules for some acquisitions of goodwill and relevant assets changed. Companies can now get relief on purchases made on or after 1 April 2019 if the:
goodwill and relevant assets are purchased when a business is bought with qualifying intellectual property;
the business is liable to corporation tax;
relevant assets (including goodwill) are included in the company accounts.
View the guidance at Corporation Tax relief on goodwill and relevant assets.
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