Trademark Fees - Capital or Revenue?

[KidsBeeHappy]

I currently have my trademark registration fees and associated legal fees charged to the P&L as a revenue expense.

Is this correct, or should they be capitalised?

 

[Zeno]

The costs involved in creating the trademark would usually be capitalised as an intangible asset. The ongoing costs of maintaining this would be charged to the P & L.

 

[KidsBeeHappy]

Tangible or Intangible?

 

[Zeno]

Tangible or Intangible?

Intangible.

 

[KidsBeeHappy]

Thanks very much!

 

[silklink]

I recall that you can do either but not both. In other words, you can choose to capitalise your trade mark and treat it accordingly (depreciate/appreciate ect.), or treat it as an expense.