SCHEDULES
SCHEDULE 7Transfer schemes: tax
Corporation tax: intangible assets
10I1
1
This paragraph applies for the purposes of Schedule 29 to FA 2002 (intangible assets).
2
Expressions used in this paragraph have the same meaning as in that Schedule.
3
A transfer between bodies of a chargeable intangible asset is a tax-neutral transfer.
4
An intangible fixed asset which is an existing asset of the transferor at the time of a transfer between bodies is to be treated, on and after the transfer, as an existing asset of the transferee.
5
A transfer to government of a chargeable intangible asset is to be treated as not involving a realisation of the asset by the transferor.