{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-734",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-734.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/734",
  "kind": "section",
  "number": "734",
  "heading": "Meaning of “realisation”",
  "text": "(1) References in this Part to the realisation of an intangible fixed asset are to a transaction resulting, in accordance with generally accepted accounting practice—\n(a) in the asset ceasing to be recognised in the company's balance sheet, or\n(b) in a reduction in the accounting value of the asset.\n(2) In subsection (1) “transaction” includes any event giving rise to a gain recognised for accounting purposes.\n(3) In relation to an intangible fixed asset that has no balance sheet value (or no longer has a balance sheet value), subsections (1) and (2) apply as if it did have a balance sheet value.\n(4) References in this Part to a “part realisation” are to a realisation falling within subsection (1)(b).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/734",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}