Corporation Tax Act 2009 section 816A

Restrictions on goodwill and certain other assets

Section 816A previously imposed restrictions on tax relief for goodwill and certain other intangible assets, but has been removed from the legislation.

• Section 816A placed restrictions on the amount of tax relief available for goodwill and certain other intangible fixed assets.
• The section was removed (omitted) by Finance Act 2019, Schedule 9, paragraph 5.
• The removal takes effect for accounting periods beginning on or after 1 April 2019.
• For accounting periods starting before 1 April 2019, the original restrictions would still have applied to those earlier periods.