Section 879A | Introduction

(1)This Chapter contains special rules about the debits to be brought into account by a company for tax purposes in respect of relevant assets.

(2)In this Chapter “relevant asset” means—

(a)goodwill in a business or part of a business,

(b)an intangible fixed asset that consists of information which relates to customers or potential customers of a business or part of a business,

(c)an intangible fixed asset that consists of a relationship (whether contractual or not) between a person carrying on a business and one or more customers of that business or part of that business,

(d)an unregistered trade mark or other sign used in the course of a business or part of a business, or

(e)a licence or other right in respect of an asset within any of paragraphs (a) to (d).