Related Commentary  Related HMRC Manuals

751(1)  If there are non-trading credits or debits in an accounting period in respect of intangible fixed assets, the company's non-trading gain or loss on such assets in the period must be calculated.

751(2)  There is a non-trading gain on intangible fixed assets in an accounting period if subsection (3) or (4) applies.

751(3)  If in the accounting period–

(a)there are non-trading credits, but

(b)there are no non-trading debits,

there is a non-trading gain on intangible fixed assets equal to the sum of the credits.

751(4)  If in the accounting period–

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