Where a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that falls within the corporate intangible fixed asset regime (IFA...
[Letterhead] [Addressed to HMRC Inspector] [Date] We hereby jointly elect pursuant to section 792 of the Corporation Tax Act 2009 (CTA 2009) for [the whole OR [insert a...
FORTHCOMING CHANGE relating to pre-1 April 2002 assets: Companies will be able to claim corporation tax relief for intangible fixed assets (IFAs) created before 1 April...
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...
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...
FORTHCOMING CHANGE relating to pre-1 April 2002 assets: companies will be able to claim corporation tax relief for intangible fixed assets (IFAs) created before 1 April...
FORTHCOMING CHANGE relating to pre-1 April 2002 assets: companies will be able to claim corporation tax relief for intangible fixed assets (IFAs) created before 1 April...
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...
Capital allowances are available and provide a deduction for capital expenditure on acquiring two particular types of intangible fixed asset: • patents, and • know-how...
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...
FORTHCOMING CHANGE relating to pre-1 April 2002 assets: companies will be able to claim corporation tax relief for intangible fixed assets (IFAs) created before 1 April...
Transfers within a group Where an intangible fixed asset is transferred from one group member to another, the transfer will be treated as tax-neutral. For full details of...
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...
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,...
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...