Intangibles: Reinstatement of relief for acquired goodwill

The measure

The government has announced a partial reinstatement of relief for acquired goodwill. Relief was previously restricted in respect of goodwill acquired on or after 8 July 2015.


Who will be affected?

This measure will affect companies acquiring goodwill.


When will the measure come into effect?

It is intended this measure will have effect from April 2019. Proposals are expected to be published on 7 November 2018, followed by a consultation period.

Our view

This is a positive step in terms of encouraging inbound investment into the UK and should help to make the UK’s intangible fixed assets regime more consistent with that of other major economies.