# Corporation Tax Act 2009, Section 900L: Realisation of fungible assets: pre-FA 2002 assets and restricted assets


(1) This section applies if—
(a) a company realises a fungible asset, and
(b) apart from subsection (1) of section 900K, the asset would be treated as part of a single asset comprising more than one of the kinds of asset referred to in that subsection.
(2) The realisation is treated—
(a) as diminishing a single asset of the company comprising pre-FA 2002 assets in priority to diminishing a single asset of the company comprising restricted assets or a single asset of the company comprising standard intangible fixed assets, and
(b) as diminishing a single asset of the company comprising restricted assets in priority to diminishing a single asset of the company comprising standard intangible fixed assets.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/900L (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-900L
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.