# Corporation Tax Act 2009, Section 724: Negative goodwill


(1) If in a period of account a gain is recognised in determining the company's profit or loss in respect of negative goodwill arising on an acquisition of a business, a corresponding credit must be brought into account for tax purposes.
(2) The amount of the credit is so much of the gain recognised for accounting purposes as, on a just and reasonable apportionment, is attributable to intangible fixed assets.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/724 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-724
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.