810Mutual trade or businessU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)Except as respects royalties, this Part does not apply to an intangible fixed asset so far as it is held for the purposes of any mutual trade or business.
(2)But see section 902(1) and (2) (which disapplies subsection (1) in relation to assets held for the purposes of life assurance business).