Part 8Intangible fixed assets
Chapter 4Realisation of intangible fixed assets
741Meaning of “chargeable intangible asset” and “chargeable realisation gain”
(1)
For the purposes of this Part, an asset is a “chargeable intangible asset” in relation to a company at any time if any gain on its realisation by the company at that time would be a chargeable realisation gain.
(2)
For the purposes of this Part, “chargeable realisation gain”, in relation to an asset, means a gain on the realisation of the asset that gives rise to a credit required to be brought into account under this Chapter.
(3)
For the purposes of subsections (1) and (2), there is a gain on the realisation of an asset in any case if section 735(2), 736(2) or 738(2) applies.
(4)
For the purpose of subsections (1) and (2), ignore any question whether—
(a)
relief under Chapter 7 (roll-over relief in case of realisation and reinvestment) is available, or
(b)
a transfer of an asset is tax-neutral for the purposes of this Part (see section 776).