Section 879C — Corporation Tax Act 2009: Restrictions on debits: pre-FA 2019 relevant assets

Restrictions on debits: pre-FA 2019 relevant assets 879C 1 This section applies in respect of a relevant asset of a company if it is a pre-FA 2019 relevant asset.

2 No debits in respect of the asset are to be brought into account by the company for tax purposes under Chapter 3 (debits in respect of intangible fixed assets) or Chapter 15 (adjustments on change of accounting policy).

3 Any debit in respect of the asset that is brought into account by the company for tax purposes under Chapter 4 (realisation of intangible fixed assets) is treated for the purposes of Chapter 6 as a non-trading debit.

4 Sections 879D to 879H set out the cases in which a relevant asset of a company is a pre-FA 2019 relevant asset for the purposes of this Chapter.