Commentary

D1.602 Corporate intangible regime—meaning of intangible fixed assets

Corporate tax
Corporate tax | Commentary

D1.602 Corporate intangible regime—meaning of intangible fixed assets

Corporate tax | Commentary

D1.602 Corporate intangible regime—meaning of intangible fixed assets

The corporate intangible regime applies to all 'intangible fixed assets', this term has the same meaning as for accounting purposes and includes internally generated intangible assets and intellectual property1. It is also expressly stated that the intangible regime applies to goodwill on the same basis as it applies to intangible fixed assets but that this is subject to any indication to the contrary2. There have been several changes in the relief available for goodwill over the past few years, for further details see D1.629A to D1.629C.

The expression 'for accounting purposes' means for the purposes of accounts drawn up in accordance with generally accepted accounting practice (GAAP)3,

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