- Finance Bill 2020—Reform of tax treatment of pre-Finance Act 2002 intangible fixed assets
- What is the background to the new legislation?
- What is the rationale behind the change and is it welcome?
- How does the legislation work?
- Does that mean all IFAs will be treated in the same way or do any differences remain?
- What is the impact of the changes?
- When do the measures come into effect?
- Are there any other areas of intangible reform that you would like to see?
Tax analysis: The Finance Bill 2020 includes some unexpected provisions reforming the tax treatment of pre-2002 intangible fixed assets. Anne Fairpo, barrister at Temple Tax Chambers, discusses the new measures and their implications.
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