Yn ddilys o 24/07/2002
Asset becoming chargeable intangible assetU.K.
110(1)This paragraph applies where an asset becomes a chargeable intangible asset in relation to a company—
(a)on the company becoming resident in the United Kingdom, or
(b)in the case of a company that is not resident in the United Kingdom, on beginning to be held for the purposes of a trade carried on by it in the United Kingdom through a branch or agency, or
(c)on the asset ceasing to be held for the purposes of a mutual trade or business.
(2)Where this paragraph applies this Schedule has effect as if the company had acquired the asset, immediately after it became a chargeable intangible asset in relation to the company, for its accounting value at that time.