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Business valuation and intangible assets

Business valuation and intangible assets

The RICS Valuation - Professional Standards (the Red Book) defines an intangible asset as:

'A non-monetary asset that manifests itself by its economic properties. It does not have physical substance but grants rights and economic benefits to its owner.'

and goodwill as:

Any future economic benefit arising from a business, an interest in a business or from the use of a group of assets that is not separable.

A number of standard and technical guides are published by various professional bodies that cover intangible assets and goodwill.

Steve Choi maintains this information on isurv Valuation.