F1PART 8BTrading profits taxable at the Northern Ireland rate
CHAPTER 8Intangible fixed assets
Pre-commencement assets
357OIGoodwill
For the purposes of section 357OH(1) (pre-commencement asset), goodwill is treated as created—
(a)
before the commencement day in a case in which the business in question was carried on by the company or any other person at any time before that day, and
(b)
on or after the commencement day in any other case.