Commentary

D1.626 Intangible debits—expenditure written off as it is incurred

Corporate tax
Corporate tax | Commentary

D1.626 Intangible debits—expenditure written off as it is incurred

Corporate tax | Commentary

D1.626 Intangible debits—expenditure written off as it is incurred

Where expenditure on an intangible fixed asset is recognised in determining a company's profit and loss, having never previously been capitalised, a corresponding debit can be brought into account for tax purposes1.

The amount of the debit recognised for tax purposes is the same as the amount of the loss recognised by the company for accounting purposes, subject to any tax adjustment required or under the transfer pricing rules2 (see D1.614).

The treatment of goodwill and other customer related intangibles has been amended several times since the corporate intangible regime was introduced. Tax

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