For CG purposes the goodwill of a business whilst composed of a variety of elements, see CG68010, is a single asset rather than a number of separate assets. This applies even where the business consists of several different trading activities or is carried on from a number of branches or outlets. In such cases each of the activities, branches or outlets will contribute to the overall ‘global’ goodwill of the business.

Three common situations where a disposal or acquisition of something less than the whole of a business may occur are branches, mergers and splits.

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