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Jitendra Patel is a Tax Principal in BDO’s Professional Services team. A specialist in corporate and partnership tax matters, he advises businesses on both UK and international tax issues, as well as partner and senior executive matters. Jitendra is vice-chair of the CIOT’s Owner-Managed Business Technical Committee.

An intangible problem

It has been almost 20 years since the introduction of the intangible fixed assets (IFA) regime (Corporation Tax Act (CTA...