CTA09/PART8/S731 (6) and S744

Provision

Where there is a part realisation of an asset for which an election for fixed rate relief has been made, both the tax written down value and the tax cost referred to in CIRD12910 are adjusted.

The tax written down value is adjusted in the ratio that the accounting value of the asset immediately after the part realisation bears to the value before. (This is the same fraction as that used in calculating the revised tax written down value following part realisation of an asset subject to accounts-based deductions – see CIRD12795).

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