Related Commentary  Related HMRC Manuals

736(1)  This section applies if–

(a)there is a realisation of an intangible fixed asset to which section 735 does not apply, and

(b)a value is shown for the asset in the company's balance sheet.

736(2)  If the proceeds of realisation exceed the cost of the asset, a credit equal to the excess must be brought into account for tax purposes.

736(3)  If the proceeds of realisation are less than the cost of the asset, a debit equal to the shortfall must be brought into account for tax purposes.

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