Gains and losses in respect of intangible fixed assetsU.K.
1(1)A company’s gains in respect of intangible fixed assets are chargeable to corporation tax as income in accordance with this Schedule.
(2)This Schedule also has effect for determining how a company’s losses in respect of intangible fixed assets are brought into account for the purposes of corporation tax.
(3)Except where otherwise indicated, the amounts to be brought into account in accordance with this Schedule in respect of any matter are the only amounts to be brought into account for the purposes of corporation tax in respect of that matter.