Part 4: Income tax, corporation tax and capital gains tax Section 33: Intangible fixed assets: goodwill etc. Summary
This section disallows corporation tax deductions, such as amortisation and impairment debits, in respect of goodwill and certain other intangible assets linked to customers and customer relationships. It also amends the treatment of any loss arising on the disposal of these assets so that it is deemed to be a non-trading debit. It has effect from 8 July 2015.