CIRD11710 - Intangible assets within CTA09/PART8: FA02 rule exceptions: royalties: definition of royalties

CTA09/PART8/S714

A royalty within CTA09/PART8 is simply a royalty in respect of the enjoyment or exercise of rights that constitute an intangible fixed asset.

The term 바카라 사이트˜royalty바카라 사이트™ is not further defined and therefore takes its ordinary meaning. Payments or receipts of a capital nature on general tax principles should not be regarded as royalties.

In the context of royalties an 바카라 사이트˜intangible fixed asset바카라 사이트™ is one which:

  • satisfies the positive requirements CIRD11100
  • does not fall within any of the exclusions in CIRD25025 to CIRD25060 (assets outside the scope of FRS10)

Royalties are therefore within this definition even if they are in respect of intangible fixed assets which:

  • are within the exclusions described in CIRD25100 to CIRD25190 (since those exclusions do not apply in relation to royalties), or
  • fail the FA02 rule (CIRD11500).