CIRD44200 - Intangible assets: Restrictions for goodwill and relevant assets acquired: how accounting and other debits are restricted under F2A15
CTA09/PART 8/S816A (3)
CTA09/S816A(3) restricts when relief for relevant assets is given by withdrawing debit relief under CTA09/PART 8/Chapter 3. For example no debit relief is allowed in relation to relevant assets in relation to:
· Expenditure written off as it is incurred (CTA09/S728)
· Amortisation or impairment accounting debits (CTA09/S729)
· Fixed rate debits (CTA09/S731)
· Reversal of previous accounting gain (CTA09/S732)
· Royalties in respect of a relevant asset.
Relief is instead given when the asset is realised, although further conditions apply on realisation, see CIRD44250