Related Commentary  Related HMRC Manuals

814(1)  This section applies to an intangible fixed asset held by a company so far as it represents expenditure by the company on research and development.

814(2)  Chapter 2 (credits in respect of intangible fixed assets) does not apply to the asset, except for–

(a)section 721 (receipts recognised as they accrue), and

(b)section 722 (receipts in respect of royalties so far as not dealt with under section 721).

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