Long time since I sat Tax exams....

....so probably completely muddled in this, but though the proceeds of a sale of intangible assets are chargeable to corporation tax as income under the new system, you'd also be eligible for roll-over relief?

Therefore, you'd be able to off-set the gain against further purchases of intangible assets, as long as they were within one year before, and three years after?

Maybe that's why we bought Etuhu and Hughes, to off-set tax!

Posted By: Rob_ncfc, Jan 22, 22:14:21