Amortisation of Intangibles

Many businesses spend substantial monies on intangibles like building websites, advertisements etc and the question crops up how to treat them for taxation purposes.

Sole trader/ partnership Not Allowed
Limited Companies Allowed under under `Corporate intangible assets regime`.


Tax deduction follows the accounting books.

See HMRC toolkit: Capital Vs Revenue Page 4.


Moral of the story:

  • Use the toolkits regularly.
  • Please use the current year’s toolkit

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