Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Intangible fixed asset definition

What does Intangible fixed asset mean? An intangible fixed asset is a non-physical, long-term asset a company acquires or creates for ongoing use in its business (for example goodwill, patents, trade marks, software, databases, licences and know‑how), rather than for immediate resale. For UK corporation tax, the term is defined in CTA 2009, Part 8 and is central to the intangible fixed assets regime. It also includes an option or other right to (a) acquire an intangible that would be a fixed asset if acquired, or (b) dispose of an existing intangible fixed asset. The regime applies whether or not the asset is capitalised...

UK corporate intangible assets regime: excluded assets (wholly/partly), royalties treatment and interactions with R&D, capital allowances and TCGA under CTA 2009 Part 8

Published by a LexisNexis Tax expert

Practice notes

The corporate intangible assets regime

The corporate intangible assets regime sets out how a company’s gains and losses on intangible fixed assets (IFAs) are taxed and relieved. These provisions are contained in Part 8 of the Corporation Tax Act 2009 (CTA 2009).

In broad terms, an IFA falls within this regime if it:

meets the asset conditions, and
is not a pre-FA 2002 asset.

For the definition of a pre-FA 2002 asset, see Practice Note: What is a pre-FA 2002 asset?

In short, the asset conditions are satisfied where the IFA:

either meets the tax definition of an intangible fixed asset or is goodwill (as defined for accounting purposes), and
is not specifically excluded from the corporate intangible assets regime (excluded assets).

This Practice Note sets out which assets are treated as excluded assets, in whole or in part...

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Web page updated on 21/05/2026

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