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 “andâ€) insert—

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

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)).â€

4

In section 746 (“non-trading credits†and “non-trading debitsâ€) 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),â€.

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
879´¡Ìý±õ²Ô³Ù°ù´Ç»å³Ü³¦³Ù¾±´Ç²Ô

(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)

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