SCHEDULES

SCHEDULE 29Gains and losses of a company from intangible fixed assets

Part 1Introduction

2Intangible assets

1

In this Schedule “intangible asset” has the meaning it has for accounting purposes.

2

References in this Schedule to an intangible asset include, in particular, any intellectual property.

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 to, 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).

3

This paragraph is subject to Part 10 (excluded assets).