C1C2C3C4C5C6Part 8Intangible fixed assets
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)
Pt. 8 modified (1.10.2011) by Postal Services Act 2011 (c. 5), s. 93(2)(3), Sch. 2 para. 6(1); S.I. 2011/2329, art. 3
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)
Pt. 8 modified (1.4.2012) by Budget Responsibility and National Audit Act 2011 (c. 4), s. 29, Sch. 4 para. 3(1); S.I. 2011/2576, art. 5
C1C3C5Chapter 16Pre-FA 2002 assets etc
Assets treated as pre-FA 2002 assets
892Certain assets acquired on transfer of business
1
This section applies if—
a
a company (“the transferor”) transfers to another company (“the transferee”) an asset that is a pre-FA 2002 asset in the hands of the transferor company,
b
the transfer is one in relation to which the transferor is treated for the purposes of TCGA 1992 as disposing of the asset for a consideration that secures that neither a gain nor a loss accrues to it, and
c
it is so treated because of a provision specified in subsection (2).
2
The provisions are—
a
section 139 of TCGA 1992 (reconstruction involving transfer of business),
b
section 140A of that Act (transfer or division of UK business), and
c
section 140E of that Act (merger leaving assets within UK tax charge).
3
In the hands of the transferee the asset is treated for the purposes of this Part as a pre-FA 2002 asset.
4
This section does not apply if the transfer mentioned in subsection (1) occurred before 28 June 2002.
Pt. 8 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 6(1)