Tax
Intangibles tax
We have one of the largest intellectual property practices in the
UK.
We advise clients worldwide from a whole range of industries on
tax planning ideas and solutions for all types of IP and
intangibles, e.g. trade marks, licences, development expenditure,
brands, publishing rights and goodwill. Our cutting-edge approach
to IP and intangibles means we commonly provide our clients with
innovative and bespoke advice.
Our extensive experience shows that most businesses do not
exploit their IP and intangibles in a tax efficient manner, or even
at all. Generally, this is because IP and intangibles are not
afforded the same degree of financial scrutiny and husbandry as
tangible assets (by definition, IP and intangibles are less easy to
identify than the physical assets of the business, even though in
many cases they are far more valuable).
Through our Transfer Pricing Unit, we are one of only a few law
firms that are able to provide detailed transfer pricing strategies
and advice for IP and intangibles. For example, we have a wealth of
information and expertise which enables us to provide advice on the
optimum royalty rates an entity may earn for licensing/assigning
its intangibles rights to a related party. Uniquely for a law firm,
our Transfer Pricing Unit is also able to advise on R&D tax
credit and allowance claims for UK corporates.
For further information, please contact Nick Beecham or Nicholas
Noble (IP and intangibles tax) or Michael Stirling (IP and intangibles pricing
strategies) or Justin Bryant (R&D tax
credits and allowances).
Our experience includes:
- strategies for locating intangibles and IP in tax
favourable jurisdictions
- exploiting R&D tax credit
incentives
- transfer pricing policies for high value
intangibles
- optimising the tax treatment when buying or selling an
intangible asset based business
- tax efficient structures for owning, managing and using
intangibles