Location of assets: types of asset (3): intangible assets - goodwill, patents, trademarks etc
Goodwill which is an asset of a trade, profession or vocation is located where the trade, profession or vocation is carried on. If the trade etc is carried on in more than one country part of the goodwill appropriate to the part of the trade etc carried on in any one country should be treated as located in that country.
Patents, trademarks etc (TCGA92/S275(1)(h))
Patents, trademarks, service marks and registered designs are situated where they are registered. If they are registered in more than one register they are situated where each register is situated.
Rights or licences to use one of these types of assets are situated in the UK if they or any right derived from them are exercisable in the UK.
Copyright, design rights, franchises etc (TCGA92/S275(1)(j))
- Copyright, design rights and franchises
Any rights or licences to use
- any copyright work
- any design in which design rights subsist
are situated in the UK if they or any right derived from them are exercisable in the UK.