Miscellaneous 2012

Intellectual property, goodwill and taxation

Source: National

Published Date: 8 Nov 2012

 

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Already a Subscriber? Login now

Intellectual property (IP) and goodwill are the life blood of a modern growing enterprise. Think of the business names, logos, and trademarks which are avidly protected by international corporations because they are the back bone of their enterprise value. It is easy to confuse the value of IP and goodwill when a business is sold. This paper identifies the essence of these assets and the taxation consequences which follow when dealing with them.

This paper covers:

  • identifying goodwill and distinguishing it from IP
  • the source of goodwill in intangible assets
  • structures for holding IP
  • interplay with R&D concessions
  • Capital gains tax issues: determining the appropriate cost base, termination value and the interaction with Div 40
  • goodwill licensing and franchisees’ goodwill (Just Jeans issues)
  • creation of IP outside of Australia (original copyright)
  • TR 2008/7 on royalty withholding tax and assignment of copyright.

Details

  • Published By: Domenic Carbone CTA
  • Published On:8 Nov 2012
  • Took place at:Sheraton Noosa Resort and Spa

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

Miscellaneous 2012

Share this page