SCHEDULES
C1C2C4C3C5C6C7SCHEDULE 29Gains and losses of a company from intangible fixed assets
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
Sch. 29 modified (8.6.2005) by Railways Act 2005 (c. 14), s. 60(2), Sch. 10 para. 17; S.I. 2005/1444, art. 2(1), Sch. 1
Sch. 29 modified (8.6.2005) by Railways Act 2005 (c. 14), s. 60(2), Sch. 10 para. 6; S.I. 2005/1444, art. 2(1), Sch. 1
Sch. 29 modified (E.W.) (1.1.2006) by Clean Neighbourhoods and Environment Act 2005 (c. 16), ss. 93(3), 108(3); S.I. 2005/3439, art. 2
Sch. 29 modified (19.7.2006) by Finance Act 2006 (c. 25), s. 136(2)(f)
Sch. 29 modified (21.12.2007) by Consumers, Estate Agents and Redress Act 2007 (c. 17), s. 66(2), Sch. 4 para. 10 (with s. 6(9)); S.I. 2007/3546, art. 3, Sch.
Part 15Interpretation
133References to expenditure on an asset
1
References in this Schedule to expenditure on an asset are to any expenditure (including abortive expenditure)—
a
for the purpose of acquiring or creating, or establishing title to, the asset, or
b
by way of royalty in respect of the use of the asset, or
c
for the purpose of maintaining, preserving or enhancing, or defending title to, the asset.
2
No account shall be taken of capital expenditure on tangible assets in determining for the purposes of this Schedule the amount of expenditure on an intangible asset.
“Capital expenditure” here has the same meaning as in the Capital Allowances Act 2001 (c. 2).
3
Any necessary apportionment shall be made on a just and reasonable basis in a case where expenditure is incurred partly as mentioned in sub-paragraph (1) or (2) and partly otherwise.
Sch. 29 applied (with modifications) (15.8.2002) by S.I. 2002/1967, regs. 3-6