REALISATION OF INTANGIBLE FIXED ASSETS

1  After section 738 of CTA 2009 insert–

738A  

“Realisation of assets previously subject to Northern Ireland rate

738A(1)  This section applies if–

(a)a company is required by section 735, 736 or 738 to bring into account for tax purposes a credit or debit on the realisation of an intangible fixed asset in an accounting period (“the relevant period”),

(b)the company is not a Northern Ireland company as defined by section 357KA of CTA 2010 in the relevant period,

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