Intangible fixed assets and F(No2)A 2005
|Category|| Technical Articles
Article by Robert Jamieson, CIOT President 1999-2000. This article appeared in the December 2005 issue of Tax Adviser. The intangible faxied assets regime found in FA 2002 Sch 29 deals with the corporation tax treatment of assets such as patents, trade marks, design rights and goodwill.
The purpose of F(No 2)A 2005 s41 was to make changes in a number of areas where the IR (now HMRC) felt that amendment was needed in order to prevent unintended tax relief being given.
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