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Part 8U.K.Intangible fixed assets

Modifications etc. (not altering text)

C2Pt. 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)

C4Pt. 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)

C6Pt. 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)

C7Pt. 8 modified (6.4.2020) by Finance Act 2019 (c. 1), Sch. 5 paras. 35, 45 (with Sch. 5 para. 36)

Chapter 18U.K.Priority rules

906Priority of this Part for corporation tax purposesU.K.

(1)The amounts to be brought into account in accordance with this Part in respect of any matter are the only amounts to be brought into account for corporation tax purposes in respect of that matter.

(2)Subsection (1) is subject to any indication to the contrary.

(3)In particular, see—

(a)section 1308 (expenditure brought into account in determining value of intangible asset), F1...

(b)F2...[F3, and

(c)section 112(5) of TIOPA 2010 (deduction for foreign tax where no credit available).]

Textual Amendments

F1Word in s. 906(3) repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 97(a), Sch. 10 Pt. 1 (with Sch. 9 paras. 1-9, 22)

F2S. 906(3)(b) omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 182

F3S. 906(3)(c) and preceding word inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 97(b) (with Sch. 9 paras. 1-9, 22)

Modifications etc. (not altering text)

C8S. 906(1) excluded by 2010 c. 8, s. 391A (as inserted (with effect in accordance with Sch. 11 para. 22 of the amending Act) by Finance Act 2019 (c. 1), Sch. 11 para. 2)