# Housing and Regeneration Act 2008, Paragraph 10


(1) This paragraph applies for the purposes of Schedule 29 to FA 2002 (intangible assets).
(2) Expressions used in this paragraph have the same meaning as in that Schedule.
(3) A transfer between bodies of a chargeable intangible asset is a tax-neutral transfer.
(4) 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.
(5) A transfer to government of a chargeable intangible asset is to be treated as not involving a realisation of the asset by the transferor.

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Source: https://www.legislation.gov.uk/ukpga/2008/17/schedule/7/paragraph/10 (the official version)
Page: https://openlegislation.uk/housing-and-regeneration-act-2008/schedule-7/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.