CIRD11630 - Intangible assets within CTA09/PART8: FA02 rule: asset acquired on or after 1 April 2002 from related party in qualifying circumstances: asset within CTA09/PART8 in hands of transferor

CTA09/PART8/S882(3)

FA02 rule

This is the first of three qualifying circumstances set out in CIRD11625 in which an asset acquired between 1 April 2002 and 30 June 2020 (see CIRD11670 and CIRD11690) from a ‘related party’ (see CIRD45105 onwards) satisfies the general conditions.

If the asset was already a ‘chargeable intangible asset’ (see CIRD20035) in the hands of the company from which it was acquired then it satisfies the test.