{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-735",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-735.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/735",
  "kind": "section",
  "number": "735",
  "heading": "Asset written down for tax purposes",
  "text": "(1) This section applies if there is a realisation of an intangible fixed asset in respect of which debits have been brought into account for tax purposes.\n(2) If the proceeds of realisation exceed the tax written-down value of the asset, a credit equal to the excess must be brought into account for tax purposes.\n(3) If the proceeds of realisation are less than the tax written-down value of the asset, a debit equal to the shortfall must be brought into account for tax purposes.\n(4) If there are no proceeds of realisation, a debit equal to the tax written-down value must be brought into account for tax purposes.\n(5) References in this section to the tax written-down value of an asset are to its tax written-down value immediately before the realisation.",
  "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/735",
    "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."
}