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.
This measure will affect companies acquiring goodwill.
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.
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.