Part 8Intangible fixed assets

Chapter 3Debits in respect of intangible fixed assets

726Introduction

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.