Part 8Intangible fixed assets

Chapter 10Excluded assets

Assets wholly excluded from this Part

803Non-commercial purposes etc

This Part does not apply to an intangible fixed asset so far as it is held—

(a)

for a purpose that is not a business or other commercial purpose of the company, or

(b)

for the purpose of activities in respect of which the company is not within the charge to corporation tax F1, otherwise than as a result of Chapter 3A of Part 2.