SCHEDULES

C1SCHEDULE 29Gains and losses of a company from intangible fixed assets

Annotations:
Modifications etc. (not altering text)
C1

Sch. 29 applied (with modifications) (15.8.2002) by S.I. 2002/1967, regs. 3-6

Part 3Credits in respect of intangible fixed assets

13Introduction

1

This Part provides for credits to be brought into account by a company for tax purposes in respect of—

a

receipts in respect of intangible fixed assets that are recognised in the profit and loss account as they accrue (see paragraph 14),

b

revaluation of an intangible fixed asset (see paragraph 15),

c

credits recognised for accounting purposes in respect of negative goodwill (see paragraph 16), and

d

the reversal of previous accounting debits in respect of an intangible fixed asset (see paragraph 17).

2

This Part does not apply in relation to amounts brought into account in connection with the realisation of an intangible fixed asset within the meaning of Part 4.