Finance Act 2004

Consequential amendments U.K.

74 U.K. In paragraph 15(4) of that Schedule (credits on revaluation of intangible fixed assets)—

(a) in the definition of “Previous Debits”, after “accounting basis)” insert “ or paragraph 116A (adjustment on change of accounting policy) ”;

(b) in the definition of “Previous Credits”, at the end insert “ or paragraph 116A (adjustment on change of accounting policy) ”.

75 U.K. In paragraph 20 (1) of that Schedule (realisation of asset written down for tax purposes), after paragraph (b) insert “, or

(c) under paragraph 116A (adjustment on change of accounting policy).”

76 U.K. In paragraph 27 (1) of that Schedule (calculation of tax written down value of asset written down on accounting basis)—

(a) in the definition of “Debits”, after “paragraph 9” insert “ or paragraph 116A (adjustment on change of accounting policy) ”;

(b) in the definition of “Credits”, at the end insert “ or paragraph 116A (adjustment on change of accounting policy) ”.