{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-751",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-751.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/751",
  "kind": "section",
  "number": "751",
  "heading": "Non-trading gains and losses",
  "text": "(1) If there are non-trading credits or debits in an accounting period in respect of intangible fixed assets, the company's non-trading gain or loss on such assets in the period must be calculated.\n(2) There is a non-trading gain on intangible fixed assets in an accounting period if subsection (3) or (4) applies.\n(3) If in the accounting period—\n(a) there are non-trading credits, but\n(b) there are no non-trading debits,\nthere is a non-trading gain on intangible fixed assets equal to the sum of the credits.\n(4) If in the accounting period—\n(a) there are both non-trading credits and non-trading debits, and\n(b) the total non-trading credits exceed the total non-trading debits,\nthere is a non-trading gain on intangible fixed assets equal to the excess.\n(5) There is a non-trading loss on intangible fixed assets in an accounting period if subsection (6) or (7) applies.\n(6) If in the accounting period—\n(a) there are non-trading debits, but\n(b) there are no non-trading credits,\nthere is a non-trading loss on intangible fixed assets equal to the sum of the debits.\n(7) If in the accounting period—\n(a) there are both non-trading credits and non-trading debits, and\n(b) the total non-trading debits exceed the total non-trading credits,\nthere is a non-trading loss on intangible fixed assets equal to the excess.\n(8) For the treatment of non-trading gains and losses see—\n(a) section 752 (charge to tax on non-trading gains on intangible fixed assets), and\n(b) section 753 (treatment of non-trading losses).",
  "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/751",
    "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."
}