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Taxation of Chargeable Gains Act 1992, Section 156ZB is up to date with all changes known to be in force on or before 02 September 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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(1)[F2Subsection (2)] applies if there is a disposal on or after 1 April 2002 of an asset that is both—
(a)an asset of a class specified in section 155, and
(b)an intangible fixed asset for the purposes of Part 8 of CTA 2009.
(2)The period specified in section 152(3)—
(a)does not include any period beginning on or after 1 April 2002, and
(b)may not be extended so as to include any such period.
(3)Classes 4 to 7A in section 155 do not apply for the purposes of corporation tax as respects the acquisition of new assets that are chargeable intangible assets for the purposes of Part 8 of CTA 2009 (see section 741 of that Act).
(4)In the case of an acquisition before 22 March 2005, subsection (3) applies as if it referred to Classes 4 to 7, instead of Classes 4 to 7A.]
Textual Amendments
F1Ss. 156ZA, 156ZB inserted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 372 (with Sch. 2 Pts. 1, 2)
F2Words in s. 156ZB(1) substituted (with effect in accordance with s. 62(3) of the amending Act) by Finance Act 2014 (c. 26), s. 62(1)
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