Part 8Intangible fixed assets
Chapter 10Excluded assets
Assets wholly excluded from this Part
804Assets for which capital allowances previously made
(1)
This Part does not apply to an intangible asset of a company if conditions A, B and C are met.
(2)
Condition A is that the asset falls to be treated as an intangible asset in accounts of the company.
(3)
Condition B is that in a previous period of account the asset fell to be treated as a tangible asset in accounts of the company.
(4)
Condition C is that an allowance under Part 2 of CAA 2001 (plant and machinery allowances) was made to the company in respect of the asset on the basis that it was a tangible asset.