Domain Name Purchase Accounting Treatment. The IRS looks at domain name costs in two ways. It could be your business name or your specialty.
It would be CGT because you were not in the business of trading in. Asked Jul 14 2017 in IAS 16 - Property Plant and Equipment by draid02. The cost of the domain name is nothing more than 10 but it can of appreciate in value because its either.
Think about what youd like on the other side of the dot.
Their view is that the domain name is an intangible asset and the cost is not eligible for capital allowances. On December 7 2016 the Conseil dEtat tenth Chamber issued a judgment which confirms that the domain name is in fact an intangible asset. It could be your business name or your specialty. A company purchased two domain names one generic and one non-generic as part of an asset acquisition of a trade or business.