[F1156ZBIntangible fixed assets: interaction with relief under Chapter 7 of Part 8 of CTA 2009U.K.
(1)This section applies if there is a disposal on or after 1 April 2002 of an asset that is both—
(a)an asset of a class specified in section 155, and
(b)an intangible fixed asset for the purposes of Part 8 of CTA 2009.
(2)The period specified in section 152(3)—
(a)does not include any period beginning on or after 1 April 2002, and
(b)may not be extended so as to include any such period.
(3)Classes 4 to 7A in section 155 do not apply for the purposes of corporation tax as respects the acquisition of new assets that are chargeable intangible assets for the purposes of Part 8 of CTA 2009 (see section 741 of that Act).
(4)In the case of an acquisition before 22 March 2005, subsection (3) applies as if it referred to Classes 4 to 7, instead of Classes 4 to 7A.]
Textual Amendments
F1Ss. 156ZA, 156ZB inserted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 372 (with Sch. 2 Pts. 1, 2)