Intangible fixed assets

Corporate intangible assets regime

The corporate intangible assets regime provides the rules for the taxation and relief of a company’s gains and losses from its intangible fixed assets (IFAs).

The regime only applies to companies within the charge to UK corporation tax. The regime does not apply to individuals or partnerships.

The corporate intangible assets rules are contained in Part 8 of the Corporation Tax Act 2009 (CTA 2009) and HMRC’s guidance on the regime can be found in its Corporate Intangibles Research and Development Manual from CIRD10000.

Intangible assets within the regime

An asset is within the scope of the corporate intangible assets rules if it meets the asset conditions and the time condition.

The asset conditions

The asset conditions are satisfied if:

•
the asset is:
1. ◦
  an ‘intangible asset’ that is created or acquired for use on a continuing basis in the course of the company’s activities, or
2. ◦
  goodwill (as defined for accounting purposes), and
•
the asset does not fall within an excluded category of assets

The term ‘intangible asset’ has the

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