The Resource Tax consequences of disposing of intellectual property

Tax consequences of disposing of intellectual property

Label
Tax consequences of disposing of intellectual property
Title
Tax consequences of disposing of intellectual property
Creator
Subject
Language
eng
Summary
This article provides a brief introduction to the taxation concepts and issues that arise when disposing of intellectual property, particularly "know-how" (including trade secrets and confidential information), but also such other items as film expenditure. The article explores the relevant tax issues, including the fundamental calculation of the taxable gain or loss, the tax category into which the asset falls (noting that certain types of intellectual property fall outside traditional tax categories), tax costs deductible by the taxpayer when disposing of the asset, the possible application of the concessional research and development regime, and the possibility of selling the entity which holds the intellectual property and the consequent possible application of the tax cost setting rules in the consolidation regime. Finally, the article examines certain types of intellectual property, being certain film expenditure, which provide the taxpayer with another avenue to claim tax deductions
Citation source
In: The tax specialist. - Sydney. - Vol. 15 (2012),
http://library.link/vocab/creatorName
Sydes, D
Language note
English
http://library.link/vocab/subjectName
  • intellectual property
  • know how
  • patent
  • disposal
  • tax incentive
  • clawback
  • film industry
Label
Tax consequences of disposing of intellectual property
Instantiates
Publication
Label
Tax consequences of disposing of intellectual property
Publication

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      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
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