70 Intangible fixed assets and goodwill
Finance Act 2009 (2009 c 10) | Legislation

70  Intangible fixed assets and goodwill

(1)     Part 8 of CTA 2009 (intangible fixed assets) is amended as follows.

(2)     In section 712(1) (meaning of “intangible asset”), insert at the end “(and includes an internally-generated intangible asset)”.

(3)     In section 715 (application of Part 8 to goodwill)—

(a)     in subsection (3), insert at the end “(and includes internally-generated goodwill)”, and

(b)     insert at the end—

“(4)     For the purposes of this Part, goodwill is treated as created in the course of carrying on the business in question.”

(4)     In section 883 (assets

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