Section 802 — Corporation Tax Act 2009: Effect of partial exclusion

Effect of partial exclusion 802 1 If because of any of sections 803 to 815 an asset is excluded to the extent that—

a it represents particular rights, b it is an asset of a particular description, c it is held for particular purposes, or d it represents expenditure of a particular kind, this Part applies as if there were a separate asset representing so much of the asset as is not so excluded.

2 The other provisions of the Corporation Tax Acts apply as if there were a separate asset representing so much of the asset as is excluded.

3 Any apportionment necessary for the purposes of this section must be made on a just and reasonable basis.