CTA09/PART8/S883 – 886

These rules only apply for the purpose of determining if and when an asset is treated as ‘created or acquired’ on or after 1 April 2002 for the purpose of S882(2) – the FA02 rule (see CIRD11505+).

S883

S883 treats an asset as created on or after 1 April 2002 when expenditure on its creation or acquisition is incurred on or after that date (CIRD11670).

This rule is subject to the three other statutory provisions identified in S883(2). These provisions (S884 – 886) are further rules that determine whether the specified assets fall to be treated as created before, or on or after 1 April 2002 (see CIRD11675).

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