Author: Paul Masters, Tax Partner, Deloitte

Tax issues associated with candidate databases
One of the most valuable assets your business owns is the candidate database. Amongst other things, its value will depend on the quality of the information stored, how current it is and how easy it is to access.

This article focuses on the tax ramifications associated with a candidate database that is acquired as part of a recruitment business. The issues can be quite subjective and every situation varies. The important consideration is that a well structured digital database with details of interviews, reference checks, salary expectations, likes, dislikes, etc will potentially provide the business that acquires it with the opportunity to claim depreciation for taxation purposes.
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