F1PART 8BTrading profits taxable at the Northern Ireland rate

CHAPTER 8Intangible fixed assets

Realisation credits and realisation debits

357OD“Realisation credit” and “realisation debit”

In this Chapter, a “realisation credit” or “realisation debit”, in relation to a trade carried on by a company in an accounting period, means a credit or debit which—

(a)

is brought into account by the company under Part 8 of CTA 2009 for the period as a result of Chapter 4 of that Part (realisation of intangible fixed assets),

(b)

is treated under section 747 of that Act as a receipt or expense of the trade, and

(c)

does not relate to a pre-commencement asset.