S863 deals with three types of circumstance where an intangible asset previously outside CTA09/PART8 in the hands of a company becomes a ‘chargeable intangible asset’ (see CIRD20035) in its hands for the first time. These are where:

a company holding intangible fixed assets becomes resident in the UK (see CIRD47020);

an asset begins to be used by a company not resident in the UK for the purposes of a permanent establishment in the UK through which it carries on a trade (see CIRD47020); and

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