CIRD11705 | Intangible assets within CTA09/PART8: FA02 rule exceptions: royalties: outline

CTA09/PART8/S896

Because CTA09/PART8 at most only changes the time when royalties are brought to account for corporation tax (see CIRD11505) they are immediately brought within CTA09/PART8, regardless of whether the intangible asset in respect of which they are paid or received falls within the scope of CTA09/PART8.

The royalties which are brought within CTA09/PART8 in this way are those which:

• fall within the definition of a royalty in CIRD11710

• arise at the time described in CIRD11720