Commentary

D1.610 Corporate intangible regime—accounting basis

Corporate tax
Corporate tax | Commentary

D1.610 Corporate intangible regime—accounting basis

Corporate tax | Commentary

Corporate intangible regime—accounting, market value and tax adjustments

D1.610 Corporate intangible regime—accounting basis

The corporate intangible regime determines how a company's gains and losses in respect of intangible fixed assets are calculated and brought into account for corporation tax purposes1. The terms 'gains' and 'losses' are not subject to specific definition but the detailed rules make it clear that these are the gains and losses for accounting purposes2. At the date the regime was introduced the relevant accounting standards statement of principles3 confirmed that gains and losses included the terms referred to as revenue and expenses as well as

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