31 Intangible fixed assets: pre-FA 2002 assets etc
Finance Act 2020 (2020 c 14) | Legislation

31  Intangible fixed assets: pre-FA 2002 assets etc

(1)     Part 8 of CTA 2009 (intangible fixed assets) is amended as follows.

(2)     In section 711 (overview of Part 8) in subsection (8) after paragraph (fa) (but before the “and” at the end of that paragraph) insert—

“(fb)     Chapter 16A (debits in respect of assets that were pre-FA 2002 assets etc),

(fc)     Chapter 16B (fungible assets),”.

(3)     In section 845 (transfer between company and related party treated as at market value) in subsection (4) (exceptions)—

(a)     omit the “and” at the end of paragraph (d), and

(b)     at the end of paragraph (e) insert “, and

(f)     sections 900E and 900F (special rules in respect of assets that were pre-FA 2002 assets etc)”.

(4)     In section 849AB (grant of licence or other right treated as at market value) in subsection (6) (exceptions)—

(a)     omit the “and” at the end of paragraph (a), and

(b)     at the end of paragraph (b) insert “, and

(c)     section 900F (special rules in respect of assets that were pre-FA 2002 assets etc)”.

(5)     Omit section 858 (fungible assets) and the italic heading before that section.

(6)     In section 882 (application

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