Corporation Tax Act 2009 (c. 4)

Yn ddilys o 01/04/2009

Part 8 U.K. Intangible fixed assets

Chapter 4 U.K. Realisation of intangible fixed assets

739 Meaning of “proceeds of realisation” U.K.

(1) In this Part “proceeds of realisation” of an asset means the amount recognised for accounting purposes as the proceeds of realisation, less the amount so recognised as incidental costs of realisation.

(2) The amounts referred to in subsection (1) are subject to any adjustments required by this Part or Schedule 28AA to ICTA (provision not at arm's length).