SCHEDULES

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

Part 9Application of provisions to groups of companies

Degrouping: supplementary provisions

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For the purposes of paragraphs 58 to 61 (degrouping)—

(a)

two or more companies are associated if, by themselves, they would form a group of companies; and

(b)

an asset acquired by a company is treated as the same as an asset owned at a later time by that company or an associated company if the value of the second asset is derived in whole or in part from the first asset.