Quote:
Originally posted by KRL
I was just thinking with the Sex.com case now creating case law defining a domain as property what will be the tax and legal consequences of this decision.
For example are domains now seizable in a court judgment?
Can you depreciate your domain portfolio like other business property for tax purposes?
Do domains now create litigation risks by someone claiming they were injured from virtually visiting your property?
Anything else anyone can think of?
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well under US GAAP an intangible asset with an indefinite useful life cannot be amortized.