Part 8U.K.Intangible fixed assets

Modifications etc. (not altering text)

C2Pt. 8 modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 601, 1184(1) (with Sch. 2)

C4Pt. 8 modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by Localism Act 2011 (c. 20), ss., 240(5)(o), Sch. 24 para. 1(3); S.I. 2012/628, art. 3(b)

C6Pt. 8 modified (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 88(1)(2)(7) (with s. 147, Sch. 17)

C7Pt. 8 modified (6.4.2020) by Finance Act 2019 (c. 1), Sch. 5 paras. 35, 45 (with Sch. 5 para. 36)

Chapter 6U.K.How credits and debits are given effect

IntroductoryU.K.

746“Non-trading credits” and “non-trading debits”U.K.

(1)In this Part credits and debits in respect of intangible fixed assets that are not within sections 747 to 749 are referred to respectively as “non-trading credits” and “non-trading debits”.

(2)See also—

(a)section 781(5) (character of credits and debits brought into account as a result of section 780),

[F1(b)section 793A (effect of election to reallocate charge within group),]

[F2(ba)sections 879C(3), 879I(3), 879K(5) and 879O(3)(b) (debits in respect of goodwill and certain other assets treated as non-trading debits),] and

(c)[F3section 901] (insurance companies: effect of application of the I minus E basis: non-trading amounts).

Textual Amendments

F1S. 746(2)(b) substituted (6.4.2020) by Finance Act 2019 (c. 1), Sch. 5 paras. 22, 35 (with Sch. 5 para. 36)

F2S. 746(2)(ba) substituted (with effect in accordance with Sch. 9 para. 7 of the amending Act) by Finance Act 2019 (c. 1), Sch. 9 para. 4

F3Words in s. 746(2)(c) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 173