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Value-Added Tax Consolidation Act 2010 (Number 31 of 2010)

26 Transfer of intangible business assets deemed not to be supply of services.

[VATA s. 5(8)]

(1) For the purposes of this section “accountable person” shall not include a person who is an accountable person solely by virtue of [1]>section 9, 10, 12, 13,<[1][1]>section 9, 10, 12,<[1] 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.


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Substituted by S.I. (No. 612) 2010 s3(d). Has effect as on and from 1 January 2011.