General rule

Subject to the exception for previously capitalised expenditure described below, CTA09/S728 provides that expenditure on an intangible asset gives rise to a deductible debit for the period of account in which it is written off to a company's profit and loss account (see CIRD12220).

A deduction is therefore due for any expenditure treated in this way for accounting purposes, which falls within the (wide) definition described in CIRD12250. Examples include expenditure:

on maintaining or preserving an asset;

on defending title to it;

by way of royalties for its use; or

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