Value-Added Tax Consolidation Act 2010
Transfer of intangible business assets deemed not to be supply of services. |
[VATA s. 5(8)] | |
26.—(1) For the purposes of this section “accountable person” shall not include a person who is an accountable person solely by virtue of section 9 , 10 , 12 , 13 , 14 (1) or 17 (1). | ||
(2) The transfer of goodwill or other intangible assets of a business, in connection with the transfer of the business or part thereof (even if that business or that part thereof had ceased trading), or in connection with a transfer of ownership of goods in accordance with section 20 (2)(c), by— | ||
(a) an accountable person to a taxable person who carries on a business in the State, or | ||
(b) a person who is not an accountable person to another person, | ||
shall be deemed, for the purposes of this Act, not to be a supply of services. |