Commentary

D7.595 Intangible assets

Corporate tax
Corporate tax | Commentary

D7.595 Intangible assets

Corporate tax | Commentary

D7.595 Intangible assets

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

Following the introduction of the regime for taxing gains and losses arising to a company from intangible fixed assets1, a life insurance company taxed on the I-E basis that carries on gross roll up business will not be entitled to debits, nor be chargeable on credits, arising on software that it develops or buys2. It may however elect to claim capital allowances on such expenditure3 in which case the allowances

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