Paragraph 17 I1

England, Wales and Scotland

(1)

For the purposes of F1Part 8 of the Corporation Tax Act 2009—

(a)

a relevant transfer of a chargeable intangible asset of the transferor is to be treated as a tax-neutral transfer; and

(b)

an intangible fixed asset which is a pre-FA 2002 asset of the transferor at the time of the transfer is to be treated, on and after the transfer, as a pre-FA 2002 asset in the hands of the transferee.

(2)

Expressions used in this paragraph and in F2that Part have the same meanings in this paragraph as in that Part.

Annotations

Textual amendments

F1: Words in Sch. 10 para. 17(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 667(4)(a) (with Sch. 2 Pts. 1, 2)
F2: Words in Sch. 10 para. 17(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 667(4)(b) (with Sch. 2 Pts. 1, 2)

Commencement

I1: Sch. 10 para. 17 in force at 8.6.2005 by S.I. 2005/1444, art. 2(1), Sch. 1