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 https://www.legislation.gov.uk/ukpga/2001/2/contents but this transaction didn't qualify as Know How, patent or R&D. I know I'm missing something.
Related resources
Replies (2)
Please login or register to join the discussion.
HMRC manuals would be the best place to start for the tax treatment.
https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim35700