Corporation Tax Act 2009 section 900G

Meaning of "relieving acquisition"

Section 900G defines what constitutes a "relieving acquisition" for the purposes of the intangible fixed assets rules.

• A relieving acquisition occurs when a company acquires an asset from another party
• The party selling the asset must not be a related party to the acquiring company
• The relationship between the parties is assessed at the time of the acquisition
• This definition is relevant to determining whether certain tax reliefs for intangible fixed assets are available