756Conditions relating to expenditure on other assetsU.K.
This section has no associated Explanatory Notes
(1)The expenditure on other assets must be incurred in the period—
(a)beginning 12 months before the date of realisation of the old asset or at such earlier time as an officer of Revenue and Customs may by notice allow, and
(b)ending 3 years after the date of realisation of the old asset or at such later time as an officer of Revenue and Customs may by notice allow.
(2)The expenditure on other assets must be capitalised by the company for accounting purposes.
(3)Immediately after the expenditure is incurred the other assets must be chargeable intangible assets in relation to the company.
(4)For the purposes of this section expenditure is treated as incurred when it is recognised for accounting purposes.