SCHEDULE 29Gains and losses of a company from intangible fixed assets

Part 13Supplementary provisions

Treatment of fungible assets

107(1)For the purposes of this Schedule fungible assets of the same kind held by the same person in the same capacity shall be treated as indistinguishable parts of a single asset, growing or diminishing as additional assets of the same kind are created or acquired or some of the assets are realised.

(2)In this Schedule “fungible assets” here means assets of a nature to be dealt in without identifying the particular assets involved.