Commentary

B5.126 SPSE—treatment as intangible asset

Business tax
Business tax | Commentary

B5.126 SPSE—treatment as intangible asset

Business tax | Commentary

B5.126 SPSE—treatment as intangible asset

As stated in B5.124 it is likely that the taxation treatment of BP will follow that of SP but HMRC guidance is not available on the matter. This article covers the rules as they are known for SPSE.

For corporation tax purposes, the SPSE was an intangible asset where acquired for continuing use in a business (see Division D1.6). On inception it was capitalised at nil value, either because it was regarded as purchased at nil cost or because it was internally developed without there being an active market in it at the time it was

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