Revenue eBrief No. 016/18

02 February 2018

Capital allowances for specified intangible assets

Tax and Duty Manual Part 09-02-05 has been updated to reflect Finance Act 2017 amendments to section 291A of the Taxes Consolidation Act 1997 (Intangible Assets). These amendments include a restriction on the aggregate amount of capital allowances for specified intangible assets, plus any deductions for related interest, that can be deducted against trading income of the relevant trade in an accounting period.

For claims made in respect of capital expenditure incurred on specified intangible assets on or after 11 October 2017, the level of deduction is capped at 80% of trading income from the relevant trade.