Intangible fixed assets

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Practice notes
The value shifting rules are anti-avoidance provisions. They are similar to the rules applying to depreciatory transactions in that they target the...
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9th Nov
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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9th Nov
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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9th Nov
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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9th Nov
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 12th Jan
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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9th Nov
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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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 12th Jan
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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Produced in partnership with Eloise Walker of Pinsent Masons 12th Jan
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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Produced in partnership with Zoe Feller of Bird & Bird 12th Jan
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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9th Nov
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 Martin Shah and Gary Barnett of Simmons & Simmons LLP 12th Jan
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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Produced in partnership with Martin Wilson 12th Jan
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 12th Jan
Practice notes
Brexit: This Practice Note contains information on subjects impacted by the UK’s withdrawal from the EU. The Taxation (Cross-border Trade) Act 2018,...
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Produced in partnership with John Fuszard of Sagars Accountants Ltd 12th Jan
Practice notes
FORTHCOMING CHANGE relating to property rich collective investment vehicles and certain investors: HMRC is consulting until 16 December 2020 on draft...
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9th Nov
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 12th Jan

Most recent Intangible fixed assets content

Practice notes
Amortisation of intangible fixed assetsWhere a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
Know-how allowancesCapital allowances are available for qualifying capital expenditure on know-how where the acquirer is not within the corporate...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
What is an intangible fixed assets group?Groups of companiesA number of reliefs in respect of intangible fixed assets depend on membership of a group....
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
What is an intangible fixed asset?Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
Patent allowancesCapital allowances are available and provide a deduction for capital expenditure on acquiring two particular types of intangible...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
Intangible fixed assets—anti-avoidanceThe intangible fixed assets regime (IFA regime) has a principal anti-avoidance rule which applies to tax...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
Tax issues and incentives arising from assignment and licensing of IPThe UK has two approaches to taxing IP transactions:•the corporate intangibles...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
What happens when an intangible fixed asset is realised?The realisation of an intangible fixed asset will lead to a tax charge or deduction for the...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
Transfers within an intangible fixed assets group and degrouping chargesTransfers within a groupWhere an intangible fixed asset is transferred from...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
Excluded intangible fixed assetsCertain intangible fixed assets are excluded from the intangible fixed assets regime (IFA regime).Where an asset is...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
Intangible fixed assets on the transfer of a tradeThe corporate intangibles tax rules contain a number of provisions for relief from tax on the...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
How intangible fixed assets are taxed—basic principlesThe intangible fixed asset regimeCompanies within the charge to corporation tax are generally...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
Roll-over relief for intangible fixed assetsA company can obtain roll-over relief, under the intangible fixed assets regime (IFA regime) to defer the...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
Practice notes
Intangible fixed assets transactions between related partiesThis Practice Note considers the tax treatment of transactions in intangible assets...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th May
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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15th Feb
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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Produced in partnership with Anne Fairpo of Temple Tax Chambers 8th Jan

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