SCHEDULE 9 Intangible Fixed Assets: Restrictions on Goodwill and Certain other Assets
Finance Act 2019 (2019 c 1) | Legislation

SCHEDULE 9 Intangible Fixed Assets: Restrictions on Goodwill and Certain other Assets

Section 25

1

Part 8 of CTA 2009 (intangible fixed assets) is amended as follows.

2

In section 711 (overview of Part) in subsection (8) after paragraph (f) (but before the following “and”) insert—

“(fa)     Chapter 15A (debits in respect of goodwill and certain other assets),”.

3

In section 715 (application of Part to goodwill) in subsection (2) for the words from “section 816A” to the end substitute “Chapter 15A (debits in respect of goodwill and certain other assets)).”

4

In section 746 (“non-trading credits” and “non-trading debits”) in subsection (2) for paragraph (ba) substitute—

“(ba)     sections 879C(3), 879I(3), 879K(5) and 879O(3)(b) (debits in respect of goodwill and certain other assets treated as non-trading debits),”.

5

Omit section 816A (restrictions on goodwill and certain other assets).

6

After section 879 insert—

“Chapter 15A
Debits in Respect of Goodwill and Certain other Assets
Introduction
879A Introduction

(1)     This Chapter contains special rules about the debits to be brought into account by a company for tax purposes in respect of relevant assets.

(2)     In this Chapter “relevant asset” means—

(a)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

179. List of offences triable either way.

  Without prejudice to any other enactment by virtue of which any offence is triable either way1, the following offences are triable either way2:  (1)     offences at common law of public nuisance3;  (2)     an offence at common law of

LEXISNEXIS

HCPC—Main hearing of the Health and Care Professions Tribunal

HCPC—Main hearing of the Health and Care Professions TribunalCoronavirus (COVID-19): This Practice Note contains guidance on subjects impacted by the government’s response to the coronavirus outbreak. In particular, the Health and Care Professions Council (HCPC) (Coronavirus) (Amendment) Rules Order

LEXISNEXIS

Grounds of appeal—introducing new evidence

Grounds of appeal—introducing new evidenceCoronavirus (COVID-19): The guidance detailing normal practice set out in this Practice Note may be affected by measures concerning process and procedure in the civil courts that have been introduced as a result of the coronavirus (COVID-19) pandemic. The

LEXISNEXIS

Arbitration agreements—definition, purpose and interpretation

Arbitration agreements—definition, purpose and interpretationThis Practice Note considers the nature and scope of arbitration agreements with a particular focus on arbitration agreements pursuant to the law of England and Wales, although it also discusses the concept from an international