The Resource Potential deductions arising from creating or exploiting intellectual property

Potential deductions arising from creating or exploiting intellectual property

Label
Potential deductions arising from creating or exploiting intellectual property
Title
Potential deductions arising from creating or exploiting intellectual property
Creator
Subject
Language
eng
Summary
This article explores different ways in which taxpayers can obtain tax relief for expenditure incurred in either creating or exploiting intellectual property (IP). The discussion concentrates on taxpayers who create or exploit IP for use within their own businesses, or in the course of providing services to their customers, rather than for the purpose of disposing of it. The article first examines general deductibility of IP expenditure, and then reviews other opportunities for tax relief, including the capital allowance provisions, where the general deduction is not available. The article also discusses the possibility of tax relief under the various special concessions and incentives for research and development activities, and film and television production expenditure. Finally, the article briefly reviews the position under the tax consolidations regime, and the implications under that regime where part of the acquisition cost of a subsidiary relates to items of IP
Citation source
In: The tax specialist. - Sydney. - Vol. 15 (2012),
http://library.link/vocab/creatorName
Walters, K
Language note
English
http://library.link/vocab/subjectName
  • intellectual property
  • tax relief
  • deductions
  • capital allowance
  • research and development
  • group treatment
Label
Potential deductions arising from creating or exploiting intellectual property
Instantiates
Publication
Label
Potential deductions arising from creating or exploiting intellectual property
Publication

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