Paragraph 10 I1

This paragraph applies for the purposes of Schedule 29 to FA 2002 (intangible assets).

Expressions used in this paragraph have the same meaning as in that Schedule.

A transfer between bodies of a chargeable intangible asset is a tax-neutral transfer.

An intangible fixed asset which is an existing asset of the transferor at the time of a transfer between bodies is to be treated, on and after the transfer, as an existing asset of the transferee.

A transfer to government of a chargeable intangible asset is to be treated as not involving a realisation of the asset by the transferor.