Part 8Intangible fixed assets

Chapter 4Realisation of intangible fixed assets

733Overview of Chapter

1

This Chapter provides for credits or debits to be brought into account for tax purposes on the realisation by a company of an intangible fixed asset.

2

For the meaning of “realisation”, see section 734.

3

Sections 735 to 738 are subject to Chapter 7 (roll-over relief in case of realisation and reinvestment).

4

This Chapter is also relevant for determining—

a

whether an asset is a chargeable intangible asset for the purposes of this Part, and

b

whether a gain is a chargeable realisation gain for the purposes of this Part.

5

For the meaning of “chargeable intangible asset” and “chargeable realisation gain”, see section 741.