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HMRC internal manual

Corporate Intangibles Research and Development Manual

Intangible assets within CTA09/PART8: asset conditions: assets other than goodwill: outline


An intangible asset (other than goodwill) satisfies the asset conditions if it meets all the following tests:

  • it is an intangible asset for accounting purposes (see CIRD11120) including an asset which comes within the definition of ‘intellectual property’ in CTA09/S712(3) (see CIRD11150),
  • it is a fixed asset (see CIRD11170),
  • it does not fall within one of the statutory exclusions (see CIRD25000 onwards).