Section 408 Excluded relevant intangibles debits and excluded relevant intangibles creditsF1
For the purposes of section 407 (and this section)—
a debit is a “relevant intangibles debit” if it is brought into account under a provision of Part 8 of CTA 2009 (intangible fixed assets) that is listed in column 1 of the following table;
a relevant intangibles debit is “excluded” to the extent indicated in the corresponding entry in column 2 of the table.
| Provision | Excluded debits |
|---|---|
| section 729 | excluded in full |
| section 731 | excluded in full |
| section 732 | excluded if and to the extent that its amount is determined by reference to an excluded intangibles credit |
| section 735 | excluded in full |
| section 736 | excluded in full |
| section 872 | excluded in full |
| section 874 | excluded in full |
For the purposes of section 407 (and this section)—
a credit is a “relevant intangibles credit” if it is brought into account under a provision of Part 8 of CTA 2009 (intangible fixed assets) that is listed in column 1 of the following table;
a relevant intangibles credit is “excluded” to the extent indicated in the corresponding entry in column 2 of the table.
| Provision | Excluded credits |
|---|---|
| section 723 | excluded if and to the extent that its amount is determined by reference to excluded intangible debits and excluded intangible credits |
| section 725 | excluded if and to the extent that its amount is determined by reference to an excluded intangibles debit |
| section 735 | excluded if and to the extent that the cost of the asset in question exceeds its tax written-down value |
| section 872 | excluded in full |
| section 874 | excluded in full |
In the table in subsection (2)—
“tax written-down value” has the same meaning as in Part 8 of CTA 2009 (see Chapter 5 of that Part);
“the cost of the asset” has the same meaning as in section 736 of that Act.
Annotations
Textual amendments
- F1
Pt. 10: the existing Pt. 10 renumbered as Pt. 11 (except for ss. 375, 376 which are repealed), the existing ss. 372-374, 377-382 renumbered as ss. 499-507 and a new Pt. 10 (ss. 372-498) inserted (with effect in accordance with Sch. 5 para. 25(1)-(3) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 1, 10(1)(2)(a)(3) (with Sch. 5 paras. 27, 32-34)
Notes on Part 10
Modifications
- C1
Pt. 10 excluded by 2010 c. 4, s. 937NA (as inserted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 7)
- C2
Pt. 10 excluded by 2010 c. 4, s. 938V(d) (as substituted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 9)
- C3
Pt. 10 excluded by 2010 c. 4, s. 938N(e) (as substituted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 8)