Part 8Intangible fixed assets

Chapter 6How credits and debits are given effect

Introductory

746“Non-trading credits” and “non-trading debits”

(1)

In this Part credits and debits in respect of intangible fixed assets that are not within sections 747 to 749 are referred to respectively as “non-trading credits” and “non-trading debits”.

(2)

See also—

(a)

section 781(5) (character of credits and debits brought into account as a result of section 780),

(b)

section 792(5) (reallocation of charge within group), and

(c)

section 901(3) (insurance companies: effect of application of the I minus E basis: non-trading amounts).