Commentary

B5.343 Know-how and trade marks—generally

Business tax
Business tax | Commentary

B5.343 Know-how and trade marks—generally

Business tax | Commentary

Transactions in know-how and trade marks

B5.343 Know-how and trade marks—generally

The corporate tax treatment of intangible assets, including know-how and trade marks, acquired or created on or after 1 April 2002 is set out in the corporate intangible regime as detailed in Division D1.6. The commentary below relates to pre-FA 2002 assets where it refers to corporation tax.

Although the sale of know-how has for many years normally been assessed as a trading receipt (see B5.344, B5.345), special provisions are included in the Taxes Acts to tax as income those few receipts which would otherwise be capital. The provisions do not apply where profits are calculated using the cash basis for small businesses from 2013/14 (see

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial