Carousel_Arrow Chat icon_cookie IHT_trust_wills IR35 Combined Shape 2 Group 10 Login Mobile Menu Share Share Email SubMenuMobile Group 9 VAT View_Gallery View_List capital_allow Triangle 2 Copy Close construction cyberpro employment_tax_shares emplyer_solutions entrepreneurs_corps fee_protect Group 7 grant_fund Group i_Clock i_Consult i_Done i_Eligibility_Tick i_Enter i_Filter i_HMRC i_Negative i_Play i_Plus i_Reset i_Support_Legal i_Support_TaxDesk i_Support_VAT i_Tick noun_marketing_1872083 noun_online_2126759 i_download i_meet Group Copy 24 Group 18 noun_electrical_1240755 copy noun_Technology_2125422 noun_Science_2031115 i_tick_bullet_block international_tax patent_box private_client property_sdlt r_and_d reliefs_incentives Search specialist_tax status tax_indemnity valuation
Markel Tax

29 Oct 2018

Autumn Budget 2018 – Reform of corporate intangible fixed assets regime

The government have recognised the growing importance of intellectual property held within groups of companies. Given that relief for intangible fixed assets has been in place since 2002, it is felt that the time is right for some reform in the rules which could be seen to hinder businesses. In particular, the restrictions on relief for acquired goodwill and the de-grouping charges arising within commercially driven group reorganisations.

Following consultation, the government will seek to introduce targeted relief for the cost of goodwill in acquiring businesses with intellectual property from April 2019. Furthermore, with effect from 7 November 2018, the de-grouping rules will be reformed so that a charge will not arise as a result of a share disposal that qualifies for the substantial shareholding exemption.

The detailed changes have yet to be published but the announcements are positive and welcomed.

Tagged Tax for entrepreneurs and corporates Tax for entrepreneurs and corporates
Next article in series

29 Oct 2018

Our comprehensive Autumn Budget 2018 review