Intangible fixed assets

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Practice notes
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...
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Produced in partnership with Gary Barnett and Martin Shah 27th Oct
Practice notes
A damages or compensation payment may attract VAT. This depends on exactly what the payment is for. If it is purely compensatory, it will be outside...
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13th Oct
Practice notes
Where a dispute is brought to an end by a payment of damages or compensation, whether under a court order or an out-of-court settlement agreement:•the...
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12th Oct
Practice notes
It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a sale of all the shares...
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28th Sep
Practice notes
The Enterprise Investment Scheme (EIS) is designed to encourage investment in smaller, higher-risk trading companies by offering a range of tax...
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27th Sep
Practice notes
FORTHCOMING CHANGE: HMRC is consulting (13 July to 10 August 2020) on draft regulations to provide a deduction from a UK entity’s equity and...
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Produced in partnership with Charlotte Sallabank of Katten Muchin Rosenman UK LLP 26th Sep
Practice notes
The reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are described in Practice Notes:...
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26th Sep
Practice notes
Coronavirus (COVID-19): HMRC has stated in its International Manual that if a financial institution cannot meet the FATCA reporting deadline of 31 May...
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26th Sep
Practice notes
This Practice Note explains:•what a determination in respect of direct tax (ie a direct tax determination) is•when HMRC might issue a direct tax...
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Produced in partnership with Philip Rutherford 26th Sep
Practice notes
Unilateral relief, like double tax relief, aims to relieve double taxation. Subject to certain conditions being satisfied and specific limits,...
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25th Sep
Practice notes
The regime for property authorised investment funds (PAIFs, or as HMRC use in regulations and their published guidance, Property AIFs)) was introduced...
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Produced in partnership with Martin Shah 25th Sep
Practice notes
It is standard market practice for loan agreements (also known as facility agreements), whether bilateral or syndicated, to:•prohibit a borrower from...
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25th Sep
Practice notes
This Practice Note is about the meaning of a scheme of reconstruction for tax purposes.Tax neutrality is maintained where a company (company A) enters...
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25th Sep
Practice notes
Overdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving credit facilities...
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25th Sep
Practice notes
Plant and machinery allowances are the most widely used form of capital allowance. Plant and machinery is often (wrongly) interpreted as if the terms...
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25th Sep
Practice notes
This Practice Note describes the law and practice relating to elections under section 198 or 199 of the Capital Allowances Act 2001 (CAA 2001), which...
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25th Sep

Most recent Intangible fixed assets content

Practice notes
Groups of companiesA number of reliefs in respect of intangible fixed assets depend on membership of a group. For example, where there is a disposal...
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26th Sep
Practice notes
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...
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26th Sep
Precedents
[Letterhead][Addressed to HMRC Inspector][Date]We hereby jointly elect pursuant to section 792 of the Corporation Tax Act 2009 (CTA 2009) for [the...
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26th Sep
Practice notes
STOP PRESS relating to pre-1 April 2002 assets: The Finance Act 2020 contains provisions that allow companies to claim corporation tax relief for...
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26th Sep
Practice notes
STOP PRESS relating to pre-1 April 2002 assets: The Finance Act 2020 contains provisions that allow companies to claim corporation tax relief for...
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26th Sep
Practice notes
Where a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that falls within the corporate intangible fixed...
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26th Sep
Practice notes
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...
Read More >
26th Sep
Practice notes
STOP PRESS relating to pre-1 April 2002 assets: The Finance Act 2020 contains provisions that allow companies to claim corporation tax relief for...
Read More >
26th Sep
Practice notes
Transfers within a groupWhere an intangible fixed asset is transferred from one group member to another and the asset is within the intangible fixed...
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26th Sep
Practice notes
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...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 26th Sep
Practice notes
STOP PRESS relating to pre-1 April 2002 assets: The Finance Act 2020 contains provisions that allow companies to claim corporation tax relief for...
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26th Sep
Q&As
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...
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29th Sep
Practice notes
The intangible fixed asset regimeCompanies within the charge to corporation tax are generally subject to the intangible fixed assets regime (the IFA...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 2nd Oct
Practice notes
Capital allowances are available and provide a deduction for capital expenditure on acquiring two particular types of intangible fixed asset:•patents...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 14th Oct
Practice notes
Capital allowances are available for qualifying capital expenditure on know-how where the acquirer is not within the corporate intangibles tax regime...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th Oct
Practice notes
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...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th Oct

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