Capital allowances for specified intangible assets
Revenue’s guidance covering section 291A TCA 1997 – capital allowances for specified intangible assets – has been updated for Finance Act 2018 changes.
Finance Act 2018 clarified the operation of the 80 percent cap on the relief such that the total amount of capital allowances for specified intangible assets, plus any deductions for related interest is restricted to a limit of 80 percent of trading income (before deduction of such allowances and interest).
The guidance has also updated the information and documentation required to support the value attributable to an intangible assets. Read Revenue’s eBrief.