Introduction

Under the rules introduced in FA02/SCH29 and now in CTA09/Part 8 (CIRD10100 onwards) receipts, including capital items, derived from a company's goodwill and ‘intangible fixed assets’ (and expenditure relating to those assets) come within a new code. These new rules apply for corporation tax only. Assets such as patents, trade-marks and other intellectual property rights fall with the definition of an intangible fixed asset.