# Corporation Tax Act 2009, Section 734: Meaning of “realisation”


(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—
(a) in the asset ceasing to be recognised in the company's balance sheet, or
(b) in a reduction in the accounting value of the asset.
(2) In subsection (1) “transaction” includes any event giving rise to a gain recognised for accounting purposes.
(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.
(4) References in this Part to a “part realisation” are to a realisation falling within subsection (1)(b).

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/734 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-734
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.