Section 746 — Corporation Tax Act 2009: “Non-trading credits” and “non-trading debits”

“Non-trading credits” and “non-trading debits” 746 1 In this Part credits and debits in respect of intangible fixed assets that are not within sections 747 to 749 are referred to respectively as “non-trading credits” and “non-trading debits”.

2 See also—

a section 781(5) (character of credits and debits brought into account as a result of section 780),

b section 793A (effect of election to reallocate charge within group),

ba sections 879C(3), 879I(3), 879K(5) and 879O(3)(b) (debits in respect of goodwill and certain other assets treated as non-trading debits),

and c section 901 (insurance companies: effect of application of the I minus E basis: non-trading amounts).