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
- 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.