Statute
Section 715 — Corporation Tax Act 2009: Application of this Part to goodwill
Text of the provision Official document
Application of this Part to goodwill 715 1 This Part applies to goodwill as it applies to an intangible fixed asset.
2 Subsection (1) is subject to any indication to the contrary (see, in particular, Chapter 15A (debits in respect of goodwill and certain other assets)).
3 In this Part “ goodwill ” has the meaning it has for accounting purposes (and includes internally-generated goodwill) .
4 For the purposes of this Part, goodwill is treated as created in the course of carrying on the business in question.
Official source: legislation.gov.uk
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