Corporation Tax Act 2009 section 879A

Introduction

Section 879A introduces the special rules governing the tax debits that a company can bring into account in respect of certain categories of intangible assets known as "relevant assets".

• This section opens a chapter containing special rules about the tax debits a company may recognise for "relevant assets"
• Relevant assets include goodwill in a business (or part of a business) and intangible fixed assets consisting of customer-related information or customer relationships
• Relevant assets also include unregistered trade marks or other signs used in the course of a business
• Licences or other rights relating to any of the above asset categories are also treated as relevant assets