Commentary

B5.347 Know-how proceeds not otherwise chargeable

Business tax
Business tax | Commentary

B5.347 Know-how proceeds not otherwise chargeable

Business tax | Commentary

B5.347 Know-how proceeds not otherwise chargeable

The corporate tax treatment of intangible assets, including know-how, 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.

Where the know-how disposed of has not been used for the purpose of a trade, income tax or corporation tax is charged on profits arising from the disposal of the know-how or for giving (or wholly or partly fulfilling) an undertaking (which need not be legally enforceable):

  1.  

    •     given in

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