Market leading insight for tax experts
View online issue

Tax in Turbulent Times

Continuing our series on 'Tax in turbulent times' David Nickson of KPMG LLP looks at the tax issues that arise when asset values plummet
Given the current precarious state of the UK economy it is not surprising that many groups with valuable assets on the balance sheet have had to consider whether an impairment charge of some form is necessary. This issue has become more widespread throughout 2009. My colleagues Charles Beer and Eleanor Bosley covered a number of tax implications arising from this in the area of tangible fixed assets in their earlier article in this series on 20 April 2009 (Issue 977 page 7). This article will therefore focus on the issues that arise when there are impairments of intangible fixed assets.

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.