Q: Is corporation tax relief available to companies for the amortisation of goodwill?

A: Amortisation relief in respect of intangible assets appears to have experienced a bit of a rollercoaster ride throughout the various legislative amendments in recent years.

Corporation tax relief was initially allowable for amortisation of goodwill until restrictions were made for connected company acquisitions of post-March 2002 goodwill after 2 December 2014.

Hardly any time had passed before the coalition government decided that amortisation was not allowable for post 7 July 2015 transactions on ‘relevant assets’.