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HMRC internal manual

Corporate Intangibles Research and Development Manual

Intangible assets excluded from Schedule 29 as special tax rules apply: research and development and other computer software: overview

FA02/SCH29/PARA82 - 83

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 Schedule 29, but
  • receipts from the exploitation of those assets are brought to account as income, whether under Schedule 29 or otherwise.