Good Evening Everybody,
I am new to this forum and seeking a bit of help with a tax question. In 2017 I purchased a Trademark and filled it in as an intangible asset on companies house balance sheet 2016/2017 which cost me £200. I have to complete my accounts now for 2017/2018 and I am confused a bit in regards to intangible assets? Because I purchased a trademark which lasts for 10yrs (Not yet been used just reserved) do I carry it over and put £200 intangible asset for years 2017 and in 2018 in the balance sheet or is it left at zero and just deal with it in CT600 version 3?
Will be ever so grateful to anyone who can point me in the right direction. As I am currently doing own accounting work and first time I have really dealt with intangible assets in taxation before.
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