Related Commentary  Related HMRC Manuals

755(1)  The old asset must have been a chargeable intangible asset of the company throughout the period during which it was held by the company (but see subsection (5)).

755(2)  The proceeds of realisation of the old asset must exceed–

(a)the cost of the asset,

(b)in the case of a part realisation, the appropriate proportion of the cost of the asset (see section 759(1) and (2)), or

(c)in the case of the realisation of an asset that has previously been the subject of a part realisation, the adjusted cost of the asset (see section 759(3)).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.