SCHEDULES
C1SCHEDULE 29Gains and losses of a company from intangible fixed assets
Part 13Supplementary provisions
105Assets acquired or realised together
1
Any reference in this Schedule to the acquisition or realisation of an asset includes the acquisition or realisation of that asset together with other assets.
2
For the purposes of this Schedule assets acquired or realised as a result of one bargain are treated as acquired or realised together even though—
a
separate prices are, or purport to be, agreed for separate assets, or
b
there are, or purport to be, separate acquisitions or realisations of separate assets.
3
Where assets are acquired together—
a
any values allocated to particular assets by the company in accordance with generally accepted accounting practice shall be accepted for the purposes of this Schedule;
b
if no such values are allocated by the company, so much of the expenditure as on a just and reasonable apportionment is properly attributable to each asset shall be treated for the purposes of this Schedule as referable to that asset.
4
Where assets are realised together, so much of the proceeds of realisation as on a just and reasonable apportionment is properly attributable to each asset shall be treated for the purposes of this Schedule as proceeds of the realisation of that asset.
Sch. 29 applied (with modifications) (15.8.2002) by S.I. 2002/1967, regs. 3-6