C1C4C3C6C8C2C7Part 8Intangible fixed assets

Annotations:
Modifications etc. (not altering text)
C4

Pt. 8 modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 601, 1184(1) (with Sch. 2)

C6

Pt. 8 modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by Localism Act 2011 (c. 20), ss., 240(5)(o), Sch. 24 para. 1(3); S.I. 2012/628, art. 3(b)

C2

Pt. 8 modified (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 88(1)(2)(7) (with s. 147, Sch. 17)

C7

Pt. 8 modified (6.4.2020) by Finance Act 2019 (c. 1), Sch. 5 paras. 35, 45 (with Sch. 5 para. 36)

Chapter 1Introduction

Basic definitions

712“Intangible asset”

1

In this Part “intangible asset” has the meaning it has for accounting purposes F1(and includes an internally-generated intangible asset).

C52

In particular, “intangible asset” includes intellectual property.

C53

For this purpose “intellectual property” means—

a

any patent, trade mark, registered design, copyright or design right, plant breeders' rights or rights under section 7 of the Plant Varieties Act 1997 (c. 66),

b

any right under the law of a country or territory outside the United Kingdom corresponding or similar to a right within paragraph (a),

c

any information or technique not protected by a right within paragraph (a) or (b) but having industrial, commercial or other economic value, or

d

any licence or other right in respect of anything within paragraph (a), (b) or (c).

4

This section is subject to Chapter 10 (excluded assets).