Section 156ZB — Corporation Tax Act 2009: Intangible fixed assets: interaction with relief under Chapter 7 of Part 8 of CTA 2009

Intangible fixed assets: interaction with relief under Chapter 7 of Part 8 of CTA 2009 156ZB 1 This section applies if there is a disposal on or after 1 April 2002 of an asset that is both—

a an asset of a class specified in section 155, and b an intangible fixed asset for the purposes of Part 8 of CTA 2009.

2 The period specified in section 152(3)—

a does not include any period beginning on or after 1 April 2002, and b may not be extended so as to include any such period.

3 Classes 4 to 7A in section 155 do not apply for the purposes of corporation tax as respects the acquisition of new assets that are chargeable intangible assets for the purposes of Part 8 of CTA 2009 (see section 741 of that Act).

4 In the case of an acquisition before 22 March 2005, subsection (3) applies as if it referred to Classes 4 to 7, instead of Classes 4 to 7A.