SCHEDULES
C1C2SCHEDULE 29Gains and losses of a company from intangible fixed assets
Annotations:
Modifications etc. (not altering text)
C2
Sch. 29 modified (5.10.2004) by Energy Act 2004 (c. 20), s. 198(2), Sch. 9 para. 28 (with s. 38(2)); S.I. 2004/2575, art. 2(1), Sch. 1
Part 13Supplementary provisions
107Treatment of fungible assets
1
For the purposes of this Schedule fungible assets of the same kind held by the same person in the same capacity shall be treated as indistinguishable parts of a single asset, growing or diminishing as additional assets of the same kind are created or acquired or some of the assets are realised.
2
In this Schedule “fungible assets” here means assets of a nature to be dealt in without identifying the particular assets involved.
Sch. 29 applied (with modifications) (15.8.2002) by S.I. 2002/1967, regs. 3-6