Corporation Tax Act 2009 (c. 4)

Yn ddilys o 01/04/2009

Part 8 U.K. Intangible fixed assets

Chapter 10 U.K. Excluded assets

Introductory U.K.

802 Effect of partial exclusion U.K.

(1) If because of any of sections 803 to 815 an asset is excluded to the extent that—

(a) it represents particular rights,

(b) it is an asset of a particular description,

(c) it is held for particular purposes, or

(d) it represents expenditure of a particular kind,

this Part applies as if there were a separate asset representing so much of the asset as is not so excluded.

(2) The other provisions of the Corporation Tax Acts apply as if there were a separate asset representing so much of the asset as is excluded.

(3) Any apportionment necessary for the purposes of this section must be made on a just and reasonable basis.