BIM35500 - Capital/revenue divide: intangible assets: contents
In his classic definition, Lord Cave referred to an asset or advantage of an enduring benefit (see BIM35010). Businesses spend money on acquiring tangible assets like machines and business premises, but they may also acquire intangible assets or advantages of other kinds. The latter types of assets may take the form of various kinds of intellectual property, or leases and other interests over land, equally they may be less well defined, like the disappearance of a competitor from the market. Where the intangible asset or advantage has sufficient quality of endurance the expenditure involved will be capital.
The guidance that follows describes a number of cases involving intangible assets that have come before the courts.
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BIM35501Corporation Tax intangible assets regime
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BIM35505General introduction
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BIM35510Acquisition of commercial advantages
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BIM35515Acquisition of business franchises or licences
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BIM35525Fees in connection with the capital structure of a business
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BIM35530Profit making structure
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BIM35535Profit making structure - more recent developments
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BIM35540Payment to preserve existing business or asset structure
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BIM35545Payment to change existing business or asset structure
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BIM35550Exclusivity ties
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BIM35555Exclusivity ties - reimbursed repairs, etc
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BIM35560Exclusivity ties - acquiring an interest in land
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BIM35565Changes to company charter
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BIM35570Cost of an anti-nationalisation campaign
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BIM35575Expenditure in connection with loans and other liabilities
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BIM35580Incidental expenditure incurred in financing the business
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BIM35585Release from an onerous agreement
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BIM35590Getting rid of an unsatisfactory employee
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BIM35595Payment to bind employee with a restrictive covenant
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BIM35600Compensation for sterilising an asset
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BIM35605Purchase of tipping sites by a waste disposal company
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BIM35615Costs of incorporating a new company
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BIM35620Making good dilapidations as a condition of the lease
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BIM35625Surrender of onerous lease
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BIM35630Assignment of onerous lease
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BIM35635Payment to another company to cease production for a period
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BIM35640Expenditure developing a brand name
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BIM35645Building society demutualisation
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BIM35650Money injected into a subsidiary as a condition of sale
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BIM35655Liabilities assumed as part of the consideration for purchase of a business
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BIM35660Proprietor's training courses