The Finance Bill 2013 was enacted on 27 March 2013 as the Finance Act 2013. The main measures are the following:

Business taxation

(a) Intangible asset regime. Under the current rules, there is a clawback of capital allowances if the eligible IP assets are disposed of, or cease to be used in a trade, within 10 years of acquisition. The Bill includes measures to shorten this period …

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