Related Commentary  Related HMRC Manuals

895(1)  This section applies if–

(a)a person disposes of an asset which is a pre-FA 2002 asset in the person's hands at the time of the disposal,

(b)a company acquires an intangible fixed asset directly or indirectly in consequence of the disposal or otherwise in connection with it,

(c)the company and the person are related parties at the time of the disposal, and

(d)the acquired asset would be a chargeable intangible asset in the hands of the company at the time of the acquisition apart from this section.

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