Section 720 — Corporation Tax Act 2009: Introduction

Introduction 720 1 This Chapter provides for credits to be brought into account by a company for tax purposes in respect of—

a receipts in respect of intangible fixed assets that are recognised in determining the company's profit or loss as they accrue (see section 721),

b receipts in respect of royalties, so far as the receipts do not give rise to a credit under section 721 (see section 722),

c revaluation of an intangible fixed asset (see section 723),

d credits recognised for accounting purposes in respect of negative goodwill (see section 724),

and e the reversal of previous accounting debits in respect of an intangible fixed asset (see section 725).

2 This Chapter does not apply in relation to amounts brought into account in connection with the realisation of an intangible fixed asset within the meaning of Chapter 4 (see section 734).

3 For the rules about those amounts, see that Chapter.