Significant changes to the IFA commencement rules are provided for by legislation included in Finance Bill 2020. See 722-600.

The general commencement rules are that in order to fall within the intangible fixed asset rules, an intangible fixed asset must have been acquired by a company from an unrelated party on or after 1 April 2002 (commencement) or created on or after that date. In addition, an asset acquired by a company from a related party (¶725-000) on or after commencement will fall within the intangible fixed asset regime in three circumstances, that is to say (CTA 2009, s. 882):

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