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Corporation Tax Act 2010

Section 698: Restriction on relief for non-trading loss on intangible fixed assets

2169.This section restricts relief for the company’s non-trading loss on its intangible fixed assets in cases in which this Chapter applies. It is based on section 768E of ICTA.

2170.Subsection (2) makes it clear that section 768E(5)(b) of ICTA refers to section 768C(6) of that Act by implication. This clarification is a minor change in the law: see Change 50 in Annex 1.

2171.Subsections (4)and (5) include a minor change in the law. See Change 49 in Annex 1 and the commentary on section 681.

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