Commentary

B2.473 Telecommunication rights

Business tax
Business tax | Commentary

B2.473 Telecommunication rights

Business tax | Commentary

B2.473 Telecommunication rights

For corporation tax purposes, telecommunication rights are within the intangible fixed assets regime, see Division D1.6.

For income tax purposes where, in accordance with generally accepted accounting practice1, the calculation of the profit or loss in the accounts of a trade includes an amount in respect of the acquisition cost or disposal proceeds of a 'relevant telecommunication right'2, the amount is treated as a revenue item3.

The provisions apply to professions and vocations as well as to trades4. A 'relevant telecommunication right' means:

  1.  

    •     a licence granted under the Wireless Telegraphy Act 2006, s 8 in accordance with

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