Holding lens

Changes to corporate intangibles

Jane Mackay, Partner, Head of Tax
29/10/2018
Holding lens

Following consultation, changes will be introduced to bring the taxation of intangible assets owned by UK companies that are within the Corporate Intangibles Regime into closer alignment with the taxation of tangible property.

One change will reinstate partial tax relief for certain intangible assets acquired by a company, and the detailed proposals to be published of how this would work and which intangible assets would be included. Another change will mean a de-grouping tax charge for an intangible assets will not arise if the share disposal qualifies for substantial shareholding exemption.

Both changes will be introduced in the 2018-19 Finance Bill although changes to the degrouping gains for intangibles are intended to be effective from 7 November 2018.

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Jane Mackay
Jane Mackay
Partner, Head of Tax
Thames Valley