715Application of this Part to goodwillU.K.
This section has no associated Explanatory Notes
(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.
(3)In this Part “goodwill” has the meaning it has for accounting purposes [F1(and includes internally-generated goodwill)].
[F2(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(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)
F2S. 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)