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Asset

A sharper focus on intangibles

The taxation of intangible assets is a complex area of taxation and further complexity is added where there are international related party dealings in respect to these assets. Significant legislative and interpretative changes are being made in relation to the taxation of intangibles which impact taxpayers.  

AFS Licensees are subject to financial condition requirements

ASIC recently announced that right-of-use assets are intangible for the purpose of calculating net tangible assets (NTA) requirements for AFS licensees.