Intangible asset scope expanded to include other intangible assets and rights, broadening capital gains treatment. The amendment expands the scope of intangible items in section 55 to include any other intangible asset and any other right alongside goodwill and ... Summary
Intangible asset scope expanded to include other intangible assets and rights, broadening capital gains treatment.
The amendment expands the scope of intangible items in section 55 to include any other intangible asset and any other right alongside goodwill and profession, and substitutes narrower references with broader phrases so that other intangible assets and rights are encompassed within the section's existing rules for determining full value of consideration on transfer.
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