Intangible Asset

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.