HMRC publish guidance on corporation tax relief on goodwill and relevant assets

Released 04 June 2019

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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