Policy paper
Corporation Tax: related party rules, partnerships and transfers of intangible assets
The legislation applies to all transactions involving intangible fixed assets that take place on or after 25 November 2015.
Documents
Details
These amendments clarify when intangible fixed assets held by a partnership come within the intangible fixed asset rules. These rules will ensure that such assets are treated appropriately, as either assets to which the intangible fixed asset rules apply or assets within the capital gains code, when calculating the chargeable profits allocated to a corporate partner.
For transactions that occurred before 25 November 2015 the measure will have effect in relation to the accounting debits and credits accruing on or after that date.
Published 25 November 2015