Section 712 — Corporation Tax Act 2009: “Intangible asset”

“Intangible asset” 712 1 In this Part “ intangible asset ” has the meaning it has for accounting purposes (and includes an internally-generated intangible asset) .

2 In particular, “ intangible asset ” includes intellectual property.

3 For this purpose “ intellectual property ” means—

a any patent, trade mark, registered design, copyright or design right, plant breeders' rights or rights under section 7 of the Plant Varieties Act 1997 (c. 66),

b any right under the law of a country or territory outside the United Kingdom corresponding or similar to a right within paragraph (a),

c any information or technique not protected by a right within paragraph (a) or (b) but having industrial, commercial or other economic value, or d any licence or other right in respect of anything within paragraph (a), (b) or (c).

4 This section is subject to Chapter 10 (excluded assets).