Corporation Tax Act 2009

Introduction U.K.

880 Overview of Chapter U.K.

This Chapter—

(a) sets out a general rule limiting the application of this Part to certain assets (see section 882(1): application of this Part to assets created or acquired on or after 1 April 2002),

(b) makes provision about when assets are treated as created or acquired (see sections 883 to 889),

(c) makes special provision about particular kinds of assets (see sections 890 to 897), and

(d) provides how roll-over relief is to apply in some circumstances where assets excluded by the general rule mentioned in paragraph (a) are involved (see sections 898 and 899).

881 Meaning of “pre-FA 2002 assets” U.K.

Intangible fixed assets which are excluded from the application of this Part by the general rule mentioned in section 880(a) (subject to any express provision to the contrary) are referred to in this Part as “pre-FA 2002 assets”.