BIM35001 - Capital/revenue divide: introduction: overview of the guidance

This guidance on the capital/revenue divide covers the following:

  • What is capital expenditure?
  • Why you need to distinguish capital from revenue.
  • How you measure business profits.
  • The relevant statute.
  • The relevant case law and examples.
  • A detailed explanation of the treatment of computer software costs including software developed in-house.

These are discussed under the following sections and headings:

BIM35005 onwardsIntroduction
BIM35100 onwardsBasis of computation
BIM35200 onwardsThe role of accountancy
BIM35300 onwardsGeneral themes
BIM35400 onwardsTangible assets
BIM35500 onwardsIntangible assets
BIM35700 onwardsIntellectual property
BIM35800 onwardsComputer software
BIM35900 onwardsTax cases and summing up

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