SolvedCIRD11640 | Intangible assets within CTA09/PART8: FA02 rule: asset acquired on or after 1 April 2002 from a related party in qualifying circumstances: asset acquired by a related party from an independent third party
From HM Revenue & Customs · Corporate Intangibles Research and Development Manual
CTA09/PART8/S882(4)
FA02 rule
This is the second of the three qualifying circumstances outlined in CIRD11625.
All three of the following conditions must be satisfied:
The ‘related party’ (B), from whom the company in question (A) acquired the asset, itself acquired the asset between 1 April 2002 and 30 June 2020 from another person (C);
C is not a related party of A at the time of the acquisition of the asset by A; and
If either B or C (or both) is a company, then one must not be a related party of the other at the time B acquired the asset from C.
Where the CG rules apply to the disposal of the asset by B, the asset may remain outside CTA09/PART8 if it falls within the rule described in CIRD11660.
See CIRD45105 onwards for the meaning of ‘related party’.