Corporation Tax Act 2009 section 849B

Circumstances in which restrictions on debits in respect of goodwill etc. apply

Section 849B previously set out the circumstances in which restrictions applied to tax debits for goodwill and similar intangible assets, but has been removed from the legislation.

• Section 849B originally imposed restrictions on the tax deductions (debits) that companies could claim in respect of goodwill and related intangible fixed assets.
• The section was omitted from the Corporation Tax Act 2009 by the Finance (No. 2) Act 2015, section 33(7).
• The removal takes effect for accounting periods beginning on or after 8 July 2015.
• Companies with accounting periods starting before 8 July 2015 may still have been subject to the restrictions under the old rules for those earlier periods.