Intangible fixed assets
This section has no associated Explanatory Memorandum
24. In paragraph 127 (certain assets to be treated as existing assets)—
(a)in sub-paragraph (1)(b)(ii) for “trade” substitute “business”, and
(b)in sub-paragraph (1)(b)(iii)(1) for “(transfer on formation of SE by merger)” substitute “(merger leaving assets within UK tax charge)”.
(1)
Paragraph 127(1)(b)(iii) was inserted by section 59(6) of the Finance (No. 2) Act 2005.