Intangible fixed assetsU.K.
3(1)In this Schedule an “intangible fixed asset”, in relation to a company, means an intangible asset acquired or created by the company for use on a continuing basis in the course of the company’s activities.
(2)References in this Schedule to an intangible fixed asset include an option or other right—
(a)to acquire an intangible asset that if acquired would be a fixed asset, or
(b)to dispose of an intangible fixed asset.
(3)Unless otherwise indicated, the provisions of this Schedule apply to an intangible fixed asset whether or not it is capitalised in the company’s accounts.
(4)This paragraph is subject to any such provision of regulations under paragraph 104 (finance leasing etc) as is mentioned in sub-paragraph (2)(a) of that paragraph (assets to be treated as intangible fixed assets of finance lessor).