Intangible property

For the purposes of Schedule 25A, intangible property covers a wide range of property including industrial and intellectual property, such as:

  • literary, artistic and scientific works
  • artistic performances and broadcasts
  • inventions
  • scientific discoveries
  • industrial designs and trademarks
  • commercial names and business goodwill.

An example of a transaction of this type would be a company in Australia acquiring the Australian rights to use a certain brand name from its overseas parent.

You should report the gross purchases or expenditure and gross sales or revenue from international related party dealings or transactions from this source.

    Last modified: 21 Feb 2012QC 25356