Income Tax (Trading and Other Income) Act 2005 section 608H

Meaning of "intangible property"

Section 608H defines the term "intangible property" for the purposes of the rules in Chapter 2A, by specifying what is excluded from the definition rather than listing what is included.

• Intangible property means any property that is not tangible property, land interests, financial assets, or company shares and rights
• Rights connected to tangible property or land are also excluded from the definition
• The term "financial asset" takes its meaning from section 806 of the Corporation Tax Act 2009
• The Treasury has the power to exclude further categories of property from the definition by making regulations