CTA09/S859

Circumstances where provision applies

The first is where:

a company ceases to be resident in the UK (on or after 1 April 2002),

it holds goodwill or an intangible asset which was a ‘chargeable intangible asset’ immediately beforehand,

that asset ceases to be a ‘chargeable intangible asset’ as a result.

The second is where:

a company which is not resident in the UK holds goodwill or an intangible asset for the purposes of a trade it carries on through a permanent establishment in the UK,

that asset is a ‘chargeable intangible asset’ in its hands at any time,

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