GoodwillU.K.
715Application of this Part to goodwillU.K.
(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 [F1(see, in particular, [F2Chapter 15A (debits in respect of goodwill and certain other assets)).]]
(3)In this Part “goodwill” has the meaning it has for accounting purposes [F3(and includes internally-generated goodwill)].
[F4(4)For the purposes of this Part, goodwill is treated as created in the course of carrying on the business in question.]
Textual Amendments
F1Words in s. 715(2) inserted (with effect in accordance with s. 33(9)(10) of the amending Act) by Finance (No. 2) Act 2015 (c. 33), s. 33(2)
F2Words in s. 715(2) substituted (with effect in accordance with Sch. 9 para. 7 of the amending Act) by Finance Act 2019 (c. 1), Sch. 9 para. 3
F3Words in s. 715(3) inserted (with effect in accordance with s. 70(7)(8) of the amending Act) by Finance Act 2009 (c. 10), s. 70(3)(a)
F4S. 715(4) inserted (with effect in accordance with s. 70(7)(8) of the amending Act) by Finance Act 2009 (c. 10), s. 70(3)(b)