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IP licences - balancing adjustment imbalances

Publication date: 24 Aug 01 | Source: "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE

Issue: No 36

Pages: pp.1155-11

On 1 July 2001 new capital allowances rules came into effect. These new rules were to unify the treatment of depreciable property, including intellectual property. All depreciable property is now dealt with in the one division of the 1997 Act. However, a similar treatment is given to the granting of licences over intellectual property elsewhere in the Act. As a result the holder of the intellectual property has a balancing adjustment event when a licence is granted over the intellectual property.

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Peter Van Den Broek CTA
Very interesting perspective and format of session Tough topic • understands well I appreciate the time peter would have put into his presentation and useful paper Stand out speaker of the day • very practical and candid - Current at 01 March 2011
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