Section 608 — Corporation Tax Act 2010: References to assets

References to assets 608 1 A reference in this Part to an asset includes a reference to—

a part of an asset, and b an interest in, or right in relation to, an asset.

2 A reference in this Part to assets used in business of a company includes a reference to assets—

a which were acquired for the purpose of that business and which are not being used in another business, b which are available for use in that business, or c which are in any other way held in respect of, or associated or connected with, that business.

3 For the purposes of this Part an asset is “involved” in a business if it is property involved in the business as described in section 529(4)(a).