Commentary

B5.324 Taxation of design receipts

Business tax
Business tax | Commentary

B5.324 Taxation of design receipts

Business tax | Commentary

B5.324 Taxation of design receipts

The corporate tax treatment of intangible assets, including intellectual property, acquired or created on or after 1 April 2002 is set out in the corporate intangible regime as detailed in Division D1.6.

There are few specific references to design right or registered designs in the Taxes Acts. The general principles discussed in B5.308–B5.312 therefore apply. An industrial organisation's receipts are regarded as trading receipts unless there is a disposal of a business or market. Expenditure on designs is generally treated as revenue expenditure; there may be scope for attribution as deferred revenue expenditure over the lifetime

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