Intangible fixed assets
Accounting rules and policy
Accounting value, meaning
Adjustments on change of policy
Consolidated group accounts
GAAP-compliant accounts
Recognised, meaning
Acquisition and realisation together, values to be used
Adjustments on change of accounting policy
Disaggregation
Generally
Bad debts
Becoming chargeable intangible asset
Ceasing to be chargeable intangible asset
Deemed market value rule
Postponement of gain
Charitable companies, exemption for
Companies in partnership
Company with investment business, restriction on relief
Computer software, interaction
Controlled foreign companies
Corporate partners and
Corporation tax election
Credits
Generally
Negative goodwill
Receipts in respect of royalties
Receipts recognised as they accrue
Revaluation
Reversal of previous accounting loss
Credits for
Debits
Bad debts
Deductions
Employees' remuneration, delayed payments
Expenditure on an asset
Expenditure written off as it is incurred
Generally
Pension contributions, delayed payments
Reversal of previous accounting gain
Writing down at fixed rate
Writing down on accounting basis
Debits for
Deemed market value acquisition, nil accounting value adjustment
Double taxation relief
Cross-border transfers of business and mergers
Limits on/reduction of credit
Employees' remuneration, delayed payments
European company (SE)
Excluded assets
Capital allowances previously made
Computer software
Film master versions
Film production expenditure
Financial assets
Generally
Mutual trade or business
Non-commercial purposes etc.
Oil licences
Partial exclusion
Research and development
Right to dispose of or acquire
Rights in companies/trusts or partnerships
Rights over tangible assets
Sound recordings
Finance leasing
Foreign branch exemption regime
Fungible assets
Generally
Giving effect to credits and debits brought into account
Generally
Mines, quarries and other concerns, assets held for
Non-trading credits and non-trading debits, meaning
Non-trading gains and losses
Property business, assets held for
Trade, assets held for
Goodwill
Grants and other contributions to expenditure
Groups of companies
75% subsidiary, meaning
Ceasing to be member of group
Company and its 75% subsidiaries forming group
Company not to be member of more than one group
Company, meaning
Continuity of identity of group
Continuity where group includes an SE
Degrouping
Degrouping charge
Degrouping charge, reallocation and recovery
Effective 51% subsidiaries of principal company members of group
Effective 51% subsidiary, meaning
Equity holders and profits of assets available for distribution
Generally
Group relief
Group, meaning
Liquidation
Meanings
Mergers
Principal company not to be 75% subsidiary of another company
Roll-over relief
Subsidiary, meaning
Transfers within a group
Transfers within treated as tax-neutral
Insurance companies
Intangible asset
Meaning
Permanent establishment, disallowed deductions
Internally-generated goodwill
Internally-generated intangible asset
Loss reliefs
Meaning
Non-monetary receipt
Non-trading losses
Overview
Pension contributions, delayed payments
Post-1 April 2002
Accounting treatment
Anti-avoidance provisions
Becoming a chargeable intangible asset
Ceasing to be a chargeable intangible asset
Change of accounting policy, adjustments on
Close company participator test
Commencement rules
Computer software
Controlled foreign companies
Credits
Debits
Deemed pre-2002 assets
Disaggregation, change of accounting policy
Disincorporation relief
Exceptions to general commencement rules
Excluded assets
Finance leases
Generally
Goodwill
Grants
Groups of companies
How debits and credits are given
Meaning
Migrations
Realisation of
Recognition of items in accounts
Reconstructions
Related parties
Roll-over relief
Royalties
Scope of regime
Transfer of business or trade
When assets treated as created or acquired
Pre-Finance Act 2002 assets
Capital allowances rule
Chargeable gains rule
Expenditure treated as incurred
Film production expenditure, time of creation
Fungible assets
General timing rule
Generally
Internally-generated assets not qualifying for capital allowances
Internally-generated goodwill, time of creation
Meaning
Non-qualifying assets, time of creation
Preserved status condition
Related parties
Roll-over relief
Royalties
Telecommunication rights
Time of creation
Transfer of business, assets acquired on
Value derived from excluded assets
When asset created or acquired
Priority rules
Realisation
Abortive expenditure on
Apportionment in case of part realisation
Asset not shown in balance sheet
Asset shown in balance sheet and not written down
Asset written down
Chargeable intangible asset, meaning
Chargeable realisation gain, meaning
Generally
Meaning
Proceeds of realisation, meaning
Related parties
Close company, participator and associate
Connected persons
Control, meaning
Generally
Jointly held rights and powers
Major interest, meaning
Meaning
Partnerships, rights and powers
Rights and powers to be taken into account
Transactions between
Research and development expenditure, interaction
Roll-over relief
Roll-over relief on realisation and reinvestment
Change of accounting policy, cost of asset where asset affected by
Chargeable gains
Claims for relief
Declaration of provisional entitlement to relief
Determination of appropriate proportion of cost and adjusted cost
Disregard of deemed realisations and reacquisitions
Expenditure on other assets
Groups of companies
How relief is given
Old asset and its realisation
Old asset and other assets, meaning
Part realisations involving related parties, exclusion
Pre-FA2002 assets
Realisation and reacquisition
Royalty, meaning
Tax avoidance arrangements
Tax written-down value
Accounting basis
Fixed-rate basis
Part realisation
Realisation
Trading losses
Trading receipts
Transactions between related parties
Transactions between related parties, interaction
Transfer of business or trade, interaction
Transfer of trade or business
Building societies transfer of business
Clearance procedures
Co-operative associations
European cross-border mergers
European cross-border transfers
Generally
Genuine commercial transaction requirement
Industrial and provident societies
Non-UK resident companies, transfers to
Pre-FA2002 assets
Reconstructions involving
Tax-neutral transfers
Transfer pricing
Transfers between related parties
Delayed royalty payments
Generally
Gifts of business assets
Market value rule
Not at arm's length
Other taxes
Part realisation, exclusion of roll-over relief
Tax-neutral transfers
Transitional provisions