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.