Section 726 — Corporation Tax Act 2009: Introduction

Introduction 726 1 This Chapter provides for debits to be brought into account by a company for tax purposes in respect of—

a expenditure on an intangible fixed asset that is written off for accounting purposes as it is incurred (see section 728),

b writing down the capitalised cost of an intangible fixed asset—

i on an accounting basis (see section 729), or ii on a fixed-rate basis (see sections 730 and 731),

and c the reversal of a previous accounting gain in respect of an intangible fixed asset (see section 732).

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.