{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-357OK",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-357OK.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/357OK",
  "kind": "section",
  "number": "357OK",
  "heading": "Fungible assets",
  "text": "(1) This section and section 357OL have effect for the purposes of this Chapter in relation to assets to which section 858 of CTA 2009 (treatment of fungible assets) applies.\n(2) Section 858 of CTA 2009 applies as if—\n(a) pre-commencement assets, and\n(b) intangible fixed assets that are not pre-commencement assets,\nwere assets of different kinds.\n(3) If section 858 of CTA 2009 applies (whether or not it is a case where subsection (2) has effect)—\n(a) a single asset comprising pre-commencement assets is treated as itself being a pre-commencement asset, and\n(b) a single asset comprising intangible fixed assets that are not pre-commencement assets is treated as itself being an asset which is not a pre-commencement asset.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/357OK",
    "retrieved_at": "2026-10-29T09:10:29.433154+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."
}