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 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 section.

RICS standards: RICS Valuation – Global Standards 

RICS standards: Valuation of intellectual property

RICS journal article: Valuation and new real estate business models