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Home / Simons-Taxes /Corporate tax /Part D1 Corporation tax generally /Division D1.6 Intangible fixed assets /Corporate intangible regime—tax computational rules / D1.621 Intangible credits—receipts within profit and loss
Commentary

D1.621 Intangible credits—receipts within profit and loss


Corporate tax

Where a gain representing a receipt in respect of an intangible fixed asset is recognised in determining a company's profit and loss, a corresponding credit is brought into account for tax purposes1. Subject to any adjustment required for tax purposes (see D1.614), the amount of the credit recognised for tax purposes is the

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