25/11/2025
Did you know: many IP rights are depreciating assets. So, for example, you can amortise 10% of the cost of obtaining a registered design, such that after 10 years when the design registration expires, the asset is fully amortised. If it becomes useless prior to the 10 year period, you can derecognise it and mark the non-amortised portion as a loss. In this way, legal fees spent on acquiring intellectual property rights is less of an expense than money spent on other legal fees. Imagine if you could amortise the cost of that divorce lawyer you used? We would all be a lot richer. At Tarr Law, we are specialist IP lawyers, we are not accountants. But, we can help you work with your accountant to get your intellectual property assets properly recorded on your books. The sooner you come see us, the sooner you can leverage what you have. Every advantage counts.