{
  "url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-408",
  "json_url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-408.json",
  "legislation": "ukpga/2010/8",
  "legislation_title": "Taxation (International and Other Provisions) Act 2010",
  "legislation_url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010",
  "path": "section/408",
  "kind": "section",
  "number": "408",
  "heading": "Excluded relevant intangibles debits and excluded relevant intangibles credits",
  "text": "(1) For the purposes of section 407 (and this section)—\n(a) 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;\n(b) a relevant intangibles debit is “excluded” to the extent indicated in the corresponding entry in column 2 of the table.\nProvision\nExcluded debits\nsection 729\nexcluded in full\nsection 731\nexcluded in full\nsection 732\nexcluded if and to the extent that its amount is determined by reference to an excluded intangibles credit\nsection 735\nexcluded in full\nsection 736\nexcluded in full\nsection 872\nexcluded in full\nsection 874\nexcluded in full\n(2) For the purposes of section 407 (and this section)—\n(a) 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;\n(b) a relevant intangibles credit is “excluded” to the extent indicated in the corresponding entry in column 2 of the table.\nProvision\nExcluded credits\nsection 723\nexcluded if and to the extent that its amount is determined by reference to excluded intangible debits and excluded intangible credits\nsection 725\nexcluded if and to the extent that its amount is determined by reference to an excluded intangibles debit\nsection 735\nexcluded if and to the extent that the cost of the asset in question exceeds its tax written-down value\nsection 872\nexcluded in full\nsection 874\nexcluded in full\n(3) In the table in subsection (2)—\n(a) “tax written-down value” has the same meaning as in Part 8 of CTA 2009 (see Chapter 5 of that Part);\n(b) “the cost of the asset” has the same meaning as in section 736 of that Act.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/8/section/408",
    "retrieved_at": "2026-10-29T09:10:17.008829+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."
}