SCHEDULES

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

Part 10Excluded assets

Assets entirely excluded: non-commercial purposes etc

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This Schedule does not apply to an intangible fixed asset to the extent that it is held—

(a)

for a purpose that is not a business or other commercial purpose of the company, or

(b)

for the purpose of activities in respect of which the company is not within the charge to corporation tax.