Business valuation and intangible assets

RICS Valuation – Global Standards (Red Book Global Standards) 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/or economic benefits to its owner.'

and goodwill as:

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

A number of standards and technical guides are published by various professional bodies that cover intangible assets and goodwill. This section signposts and provides links to these various documents.

This section is maintained by Steve Choi.

• RICS standard: Red Book Global Standards
• RICS Standard: Valuation of intellectual property rights
• RICS journal article: Valuation and new real estate business models