CG76706 - Wasting assets: special rules
TCGA92/S44
There are special rules which tell you the predictable life of the types of assets listed in the table. If you are dealing with a case involving any of these, you should refer to the relevant instructions:
TYPE OF ASSET | INSTRUCTIONS |
Chattels | |
Copyright | |
Franchises and Licences | |
Goodwill | |
Leases including of Land | |
Livestock | |
Plant and Machinery | |
Settled Property | |
Share Warrants and other options | |
Trademarks |