Commentary

D7.4107 Intangible fixed assets

Corporate tax
Corporate tax | Commentary

D7.4107 Intangible fixed assets

Corporate tax | Commentary

D7.4107 Intangible fixed assets

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5.

The differing accounting treatment for tax purposes for intangible fixed assets between the pre-2013 and new regimes also has to be addressed on transition.

In general life insurance companies have not previously been able to benefit from the rules in CTA 2009, Pt 8 (except in a very limited way with regard to certain royalties) because under the existing regulatory basis of taxation intangible assets were written off as acquired because

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