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Finance Bill 2020—Reform of tax treatment of pre-Finance Act 2002 intangible fixed assets

Finance Bill 2020—Reform of tax treatment of pre-Finance Act 2002 intangible fixed assets
Published on: 25 March 2020
Published by: LexisPSL
  • 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?

Article summary

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. or take a trial to read the full analysis.

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