Modifications etc. (not altering text)
C1Sch. 29 applied (with modifications) (15.8.2002) by S.I. 2002/1967, regs. 3-6
C2Sch. 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
C3Sch. 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
C4Sch. 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
C5Sch. 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
C6Sch. 29 modified (19.7.2006) by Finance Act 2006 (c. 25), s. 136(2)(f)
C7Sch. 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.
C8Sch. 29 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 23
C9Sch. 29 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 13
14(1)Where in a period of account a gain representing a receipt in respect of an intangible fixed asset is recognised in [F1determining the company's profit or loss], a corresponding credit shall be brought into account for tax purposes.
(2)Subject to any adjustment required for tax purposes, the amount of the credit recognised for tax purposes under this paragraph is the same as the amount of the gain recognised by the company for accounting purposes.
Textual Amendments
F1Words in Sch. 29 para. 14(1) substituted (7.4.2005) by Finance Act 2005 (c. 7), Sch. 4 para. 40