Related Commentary  Related HMRC Manuals

775(1)  A transfer of an intangible fixed asset from one company (“the transferor”) to another company (“the transferee”) is tax-neutral for the purposes of this Part if–

(a)at the time of the transfer both companies are members of the same group,

(b)immediately before the transfer the asset is a chargeable intangible asset in relation to the transferor, and

(c)immediately after the transfer the asset is a chargeable intangible asset in relation to the transferee.

775(2)  For the consequences of a transfer being tax-neutral for the purposes of this Part, see section 776.

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