SCHEDULES

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

Part 7Roll-over relief in case of realisation and reinvestment

The relief

37

(1)

This Part provides for relief where a company realises an intangible fixed asset (the “old asset”) and incurs expenditure on other intangible fixed assets (“other assets”).

(2)

A company is entitled to relief under this Part only if—

(a)

the conditions in paragraph 38 are met in relation to the old asset and its realisation,

(b)

the conditions in paragraph 39 are met in relation to the expenditure on other assets, and

(c)

the company claims the relief in accordance with paragraph 40.