CIRD25150 - Intangible assets excluded from CTA09/PART8 as special tax rules apply: research and development and other computer software: overview

CTA09/PART8/S814 and S815

These exclusions cover:

• intangible fixed assets representing expenditure by a company on research and development (see CIRD25160),
• intangible fixed assets representing capital expenditure by a company on computer software in respect of which an election has been made (see CIRD25180).

In broad terms the purpose of these provisions is to ensure that:

• relief for expenditure of this kind continues to be available outside CTA09/PART8; but
• receipts from the exploitation of those assets are brought to account as income, whether under CTA09/PART8 or otherwise.