TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

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.