Explanatory Notes

Corporation Tax Act 2009

2009 CHAPTER 4

26 March 2009

Commentary on Sections

Part 8: Intangible fixed assets

Overview

Chapter 4: Realisation of intangible fixed assets
Section 736: Asset shown in balance sheet and not written down for tax purposes

2016.This section gives the rules quantifying the credit or debit for an intangible fixed asset shown in the company’s balance sheet and not previously written down for tax purposes. It is based on paragraph 21 of Schedule 29 to FA 2002.

2017.Examples of intangible fixed assets to which this section applies include those sold soon after acquisition.