CTA09/PART8/S713 (2)

Options or other rights to acquire or dispose of intangible fixed assets

The general condition that only intangible assets which are ‘fixed assets’ can come within CTA09/PART 8 (see CIRD11170) is subject to a relaxation for options or other rights (for example, a futures contract) to acquire or dispose of an asset which itself counts as an ‘intangible fixed asset’. An option or right of this sort is to be regarded as an intangible fixed asset even though the option or right may not be of a sufficient duration to satisfy clearly the test described in CIRD11170.

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