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 but 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.

1. BIM35501

   Corporation Tax intangible assets regime
2. BIM35505

   General introduction
3. BIM35510

   Acquisition of commercial advantages
4. BIM35515

   Acquisition of business franchises or licences
5. BIM35525

   Fees in connection with the capital structure of a business
6. BIM35530

   Profit making structure
7. BIM35535

   Profit making structure - more recent developments
8. BIM35540

   Payment to preserve existing business or asset structure
9. BIM35545

   Payment to change existing business or asset structure
10. BIM35550

    Exclusivity ties
11. BIM35555

    Exclusivity ties - reimbursed repairs, etc
12. BIM35560

    Exclusivity ties - acquiring an interest in land
13. BIM35565

    Changes to company charter
14. BIM35570

    Cost of an anti-nationalisation campaign
15. BIM35575

    Expenditure in connection with loans and other liabilities
16. BIM35580

    Incidental expenditure incurred in financing the business
17. BIM35585

    Release from an onerous agreement
18. BIM35590

    Getting rid of an unsatisfactory employee
19. BIM35595

    Payment to bind employee with a restrictive covenant
20. BIM35600

    Compensation for sterilising an asset
21. BIM35605

    Purchase of tipping sites by a waste disposal company
22. BIM35615

    Costs of incorporating a new company
23. BIM35620

    Making good dilapidations as a condition of the lease
24. BIM35625

    Surrender of onerous lease
25. BIM35630

    Assignment of onerous lease
26. BIM35635

    Payment to another company to cease production for a period
27. BIM35640

    Expenditure developing a brand name
28. BIM35645

    Building society demutualisation
29. BIM35650

    Money injected into a subsidiary as a condition of sale
30. BIM35655

    Liabilities assumed as part of the consideration for purchase of a business
31. BIM35660

    Proprietor's training courses