Intangible fixed assets

Intangible fixed assets guidance:

Where a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that falls within the corporate intangible fixed asset regime (IFA...

Practice Note

Produced in partnership with Anne Fairpo of Temple Tax Chambers [Letterhead] [Addressed to HMRC Inspector] [Date] We hereby jointly elect pursuant to section 792 of the...

Precedents

Certain intangible fixed assets are excluded from the intangible fixed assets regime (IFA regime). Where an asset is excluded, either in whole or in part, options and...

Practice Note

The intangible fixed asset regime Companies within the charge to corporation tax are generally subject to the intangible fixed assets regime (the IFA regime) in respect...

Practice Note

Brexit: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

This Practice Note considers the tax treatment of transactions in intangible assets between related parties within the corporate intangible fixed assets regime (IFA...

Practice Note

The intangible fixed assets regime (IFA regime) has a principal anti-avoidance rule which applies to tax avoidance arrangements. In addition to this principal...

Practice Note

Capital allowances are available for qualifying capital expenditure on know-how where the acquirer is not within the corporate intangibles tax regime in respect of the...

Practice Note

Capital allowances are available and provide a deduction for capital expenditure on acquiring two particular types of intangible fixed asset: • patents, and • know-how...

Practice Note

A company can obtain roll-over relief, under the intangible fixed assets regime (IFA regime) to defer the tax charge on gains on realisation of intangible fixed assets...

Practice Note

The UK has two approaches to taxing IP transactions: • the corporate intangibles tax rules: these apply to IP created or acquired by a company on or after 1 April 2002...

Practice Note

FORTHCOMING CHANGE relating to non-UK resident companies: From 6 April 2020, an extended corporation tax charge will be introduced on non-UK resident companies’ profits...

Practice Note

The realisation of an intangible fixed asset will lead to a tax charge or deduction for the taxpayer company under the intangible fixed assets regime (IFA regime). This...

Practice Note

Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible fixed assets. Note,...

Practice Note

Groups of companies A number of reliefs in respect of intangible fixed assets depend on membership of a group. For example, where there is a disposal of an intellectual...

Practice Note