Commentary on Sections Overview Chapter 2: Other general rules Section 1308: Expenditure brought into account in determining value of intangible asset
3351.This section provides that expenditure on research and development, if not of a capital nature, may be taken into account for the purposes of Part 13, even though for accounting purposes it has been brought into account in determining the value of an intangible asset. It is based on section 53 of FA 2004.