Section 754 — Corporation Tax Act 2009: The relief: the “old asset” and “other assets”

The relief: the “old asset” and “other assets” 754 1 This Chapter provides for relief if a company realises an intangible fixed asset and incurs expenditure on other intangible fixed assets.

2 In this Chapter references to the “ old asset ” are references to the asset that is realised and references to “ other assets ” are references to the other assets on which expenditure is incurred.

3 A company is entitled to relief under this Chapter only if—

a the conditions in section 755 are met in relation to the old asset and its realisation, b the conditions in section 756 are met in relation to the expenditure on other assets, and c the company claims the relief in accordance with section 757.

4 See also the following provisions (which extend or restrict the circumstances in which relief is available)—

a sections 777 to 779 (application of roll-over relief where there is reinvestment by group members),

b section 791 (application of roll-over relief in relation to degrouping charge),

c section 794 (application of roll-over relief in relation to reallocated charge),

d section 850 (part realisation involving related party acquisition: exclusion of roll-over relief),

and e sections 898 and 899 (roll-over relief for disposals of pre-FA 2002 assets).