Corporation Tax Act 2009

726 Introduction

(1) This Chapter provides for debits to be brought into account by a company for tax purposes in respect of—

(a) expenditure on an intangible fixed asset that is written off for accounting purposes as it is incurred (see section 728),

(b) writing down the capitalised cost of an intangible fixed asset—

(i) on an accounting basis (see section 729), or

(ii) on a fixed-rate basis (see sections 730 and 731), and

(c) the reversal of a previous accounting gain in respect of an intangible fixed asset (see section 732).

(2) This Chapter does not apply in relation to amounts brought into account in connection with the realisation of an intangible fixed asset within the meaning of Chapter 4 (see section 734).

(3) For the rules about those amounts, see that Chapter.