Capital Allowances and IP

Capital Allowances or not

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Hello all

Struggling with this one:

Media company bought a huge collection of interviews currently stored on CDs from a retired journo. Total paid was in the region of £70K. How would you account for these? Intangible assets with capital allowances? Will appreciate a link to a source? Gone through but this transaction didn't qualify as Know How, patent or R&D. I know I'm missing something.

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By David Ex
25th Jan 2022 12:00

HMRC manuals would be the best place to start for the tax treatment.

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Replying to David Ex:
By JessicaRain
25th Jan 2022 12:54

Thank you for this. Still problematic but it's the closest to an appropriate treatment.

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