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Tip of the Week

Intangible Asset

By 2nd October 2023October 4th, 2023No Comments

When Brokers complete their RMAR for the first time we are often asked ‘what is an Intangible Asset’.

An Intangible Asset is an asset that has a value but does not exist in a physical form. Goodwill is an intangible asset of a company which represents the skill of staff, the reputation of the business, good customer relations etc. Other examples of intangible assets include copyrights, patents and intellectual property.