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Intellectual property (IP) and other intangible assets
Intangible assets acquired after 31 March 2004 now have to be valued in accordance with the provisions of International Financial Reporting Standard 3. IFRS 3 also requires that goodwill should be carried in the books at cost less accumulated impairment losses, as there is no longer any systematic amortisation of goodwill.
The taxation of acquired intangible assets has also changed. Certain intangible assets can now be amortised for tax purposes over their remaining economic lives. Such assets must be identifiable and their remaining lives properly assessed for the charge to be accepted as a valid tax deductible.
Meeting your valuation needs
We can help you by
- identifying whether your business has valuable intangible assets
- providing a formal, professional opinion of the value of your intangible assets
- ensuring that our opinions satisfy the requirements of regulatory bodies, auditors and tax authorities
- providing advice on royalty rates to charge for intellectual property already owned by your company and which you may plan to license to third parties or to overseas’ operations within the same group of companies
Our valuations use credible, well-accepted methodologies which provide well-documented and well-supported opinions of value.
We have significant experience in the valuation of acquired intangible assets where our opinions of value satisfy the requirements of the tax authorities, the financial reporting authorities and the auditors.
Contact
Please call
Angela Hennessey
on +44 (0) 20 7432 6713 or
email enquiries@angelahennessey.co.uk
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Papers for download:
The following series of articles have been published on AccountingWEB under the title: "The New Accounting Standards and Valuation":
- Principal Issues and Past Problems
- The Valuation of Brands
- Managing your Brands to Maximise Value
- The Valuation of Technology
