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Intangible assets & their tax treatment

Companies

$190.91 +GST

Audience

This training is recommended for all public practitioners. 

Audience

Learning outcomes

On completion of this training, you will be able to:

  • explain what an intangible asset is
  • identify when an intangible asset is a depreciating asset and the associated tax implications
  • identify if an intangible asset is a CGT asset and transactions that could trigger a CGT event
  • outline whether a CGT gain, that arises from an intangible asset, can satisfy the active asset test for Div 152 purposes
  • explain the income tax and CGT implications when intellectual property is created and commercialised
  • identify when income from IP is a royalty and the tax implications.
Learning outcomes

Relevancy

This training was presented live 03/04/2024.

Relevancy

CPD hours

This training provides 1.5 CPD hours. The Legislated CPD Hours breakdown for financial advisers is as follows:  

  • Tax (financial) advice: 1.5 CPD hours
CPD hours

Intangible assets – i.e. assets which are not physical assets or a financial asset – can, and do, drive business value. They are easily transferred and hence lend themselves to tax reduction schemes that are attracting the attention of tax authorities internationally. This session examines:

  • the definitions of an intangible asset
    • e.g. patents, goodwill, trademarks, in-house software, know-how, trade secrets
  • Intangible assets that are depreciating assets
  • Intangible assets as active assets for Div 152 purposes
  • creating and commercialising intellectual property – income tax and CGT implications
  • the Commissioner’s concerns with, and compliance approach to international arrangements regarding intangible assets.

This training is presented by one of TaxBanter’s experienced tax trainers.

Lee-Ann Hayes
Lee-Ann HayesHead of Tax Education
Tristan Webb
Tristan WebbSenior Tax Trainer
Tim Edgecombe
Tim EdgecombeSenior Tax Trainer
Tiffany Douglas
Tiffany DouglasSenior Tax Trainer
Sheoni Dunlop
Sheoni DunlopSenior Tax Trainer
Michael Bode
Michael BodeSenior Tax Trainer
Phillip London
Phillip LondonSenior Tax Trainer
Lynne Gibson
Lynne GibsonSenior Tax Trainer
Karen Vella
Karen VellaSenior Tax Trainer
George Housakos
George HousakosSenior Tax Trainer
Daniel Biancardi
Daniel BiancardiSenior Tax Trainer
Brian Kamenetzky
Brian KamenetzkySenior Tax Trainer
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Terms and Conditions
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