{
  "url": "https://openlegislation.uk/finance-act-2026/schedule-6/paragraph-3",
  "json_url": "https://openlegislation.uk/finance-act-2026/schedule-6/paragraph-3.json",
  "legislation": "ukpga/2026/11",
  "legislation_title": "Finance Act 2026",
  "legislation_url": "https://openlegislation.uk/finance-act-2026",
  "path": "schedule/6/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": "Intangible fixed assets",
  "text": "In section 151 (“arm’s length provision”), after subsection (2) insert—\n“(3) For the purposes of determining the arm’s length provision in relation to the actual provision involving—\n(a) the transfer of intangible fixed assets for consideration other than money, or\n(b) the grant of a licence or any other right in respect of intangible fixed assets for consideration other than money,\nassume that the transfer or grant at arm’s length would be for consideration of a sum of money.\n(4) For the purposes of subsection (3) “intangible fixed assets” has the meaning it has in Part 8 of CTA 2009.”",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2026/11/schedule/6/paragraph/3",
    "retrieved_at": "2026-10-29T08:42:24.914774+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."
}