# Companies Act 2006, Section 1163: “Non-cash asset”


(1) In the Companies Acts “non-cash asset” means any property or interest in property, other than cash.
For this purpose “cash” includes foreign currency.
(2) A reference to the transfer or acquisition of a non-cash asset includes—
(a) the creation or extinction of an estate or interest in, or a right over, any property, and
(b) the discharge of a liability of any person, other than a liability for a liquidated sum.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/1163 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-1163
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.