Introduction Details of the Section
2.This section amends and inserts new provisions into existing legislation within Part 8 Corporation Tax Act (CTA) 2009.
3.Subsection (1) – (4) insert new sections 849B – D CTA 2009 to restrict the circumstances when a company can claim relief for internally-generated goodwill, and certain customer related intangible assets, when these are acquired from related party individuals, including partnerships, on incorporation of a business.