# Corporation Tax Act 2009, Section 751: Non-trading gains and losses


(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.
(2) There is a non-trading gain on intangible fixed assets in an accounting period if subsection (3) or (4) applies.
(3) If in the accounting period—
(a) there are non-trading credits, but
(b) there are no non-trading debits,
there is a non-trading gain on intangible fixed assets equal to the sum of the credits.
(4) If in the accounting period—
(a) there are both non-trading credits and non-trading debits, and
(b) the total non-trading credits exceed the total non-trading debits,
there is a non-trading gain on intangible fixed assets equal to the excess.
(5) There is a non-trading loss on intangible fixed assets in an accounting period if subsection (6) or (7) applies.
(6) If in the accounting period—
(a) there are non-trading debits, but
(b) there are no non-trading credits,
there is a non-trading loss on intangible fixed assets equal to the sum of the debits.
(7) If in the accounting period—
(a) there are both non-trading credits and non-trading debits, and
(b) the total non-trading debits exceed the total non-trading credits,
there is a non-trading loss on intangible fixed assets equal to the excess.
(8) For the treatment of non-trading gains and losses see—
(a) section 752 (charge to tax on non-trading gains on intangible fixed assets), and
(b) section 753 (treatment of non-trading losses).

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/751 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-751
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.