Chargeable assets: intangible assets: introduction
The guidance at CG12010+ explains when certain types of ‘rights’ are intangible assets for capital gains purposes.
CG12020 - CG12080 deal with specific types of rights such as statutory rights, contractual rights and rights of action.
Guidance on the capital gains treatment of intangible business assets such as goodwill and various forms of intellectual property rights is given at CG68000+.
Guidance on the intangible assets regime for corporate businesses is given in the Corporate Intangibles and Research & Development Manual (CIRD). The regime applies in respect of gains and losses arising to companies on intangible fixed assets that were acquired from an unrelated party or which came into existence on or after 1 April 2002. It does not apply to persons within the charge to Capital Gains Tax on chargeable gains.