The trouble with intangibles

Mathew Oliver

The government has suggested it may review the intangibles fixed asset regime. Mathew Oliver (Bird & Bird) explains why a review is welcome and identifies some of the areas that should be addressed.

With every passing year the

intangible fixed assets (IFA) rules as set out in CTA 2009 Part 8 seem further removed from the equivalent chargeable gains position. This gives rise to anomalies which are getting in the way of what would otherwise be perfectly sensible commercial transactions.

In the recent Autumn Statement the government announced that it will consider a review of the IFA regime as part of the Business tax roadmap. With this in mind this article sets out a few examples of areas which can provide traps...

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The government has suggested it may review the intangibles fixed asset regime. Mathew Oliver (Bird & Bird) explains why a review is welcome and identifies some of the areas that should be addressed.

With every passing year the

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