Value-Added Tax Consolidation Act 2010

26.

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 F41 [ section 9 , 10 , 12 , ] 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.