C1C2C3C4C5C6Part 8Intangible fixed assets

Annotations:
Modifications etc. (not altering text)
C2

Pt. 8 modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 601, 1184(1) (with Sch. 2)

C4

Pt. 8 modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by Localism Act 2011 (c. 20), ss., 240(5)(o), Sch. 24 para. 1(3); S.I. 2012/628, art. 3(b)

C6

Pt. 8 modified (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 88(1)(2)(7) (with s. 147, Sch. 17)

Chapter 4Realisation of intangible fixed assets

737Apportionment in case of part realisation

1

In the case of a part realisation—

a

the references in section 735 to the tax written-down value of the asset, and

b

the references in section 736 to the cost of the asset,

must be read as references to the appropriate proportion of that amount.

2

That proportion is—

AVB-AVAAVBmath

where—

AVB is the accounting value immediately before the realisation, and

AVA is the accounting value immediately after the realisation.