B3.615 Know-how—qualifying expenditure for capital allowances
The treatment of know–how expenditure for companies on or after 1 April 2002 falls within the corporate intangible regime, see Division D1.6. Know-how is defined as any industrial information and techniques likely to assist in the manufacture or processing of goods or materials, or in the working of a mine, oil well or other source of mineral deposits (including the searching for, discovery or testing of deposits or the winning of access thereto), or in the carrying out of any agricultural, forestry or fishing operations1.
Mineral deposits includes any natural deposits capable of being lifted or extracted from the earth and for this purpose geothermal energy is to be treated as a natural deposit. A source of mineral deposits includes a mine,
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