Section 156ZB | Intangible fixed assets: interaction with relief under Chapter 7 of Part 8 of CTA 2009 ^F1

(1)Subsection (2) applies if there is a disposal on or after 1 April 2002 of an asset that is both—^F2

(a)an asset of a class specified in section 155, and

(b)an intangible fixed asset for the purposes of Part 8 of CTA 2009.

(2)The period specified in section 152(3)—

(a)does not include any period beginning on or after 1 April 2002, and

(b)may not be extended so as to include any such period.

(3)Classes 4 to 7A in section 155 do not apply for the purposes of corporation tax as respects the acquisition of new assets that are chargeable intangible assets for the purposes of Part 8 of CTA 2009 (see section 741 of that Act).

(4)In the case of an acquisition before 22 March 2005, subsection (3) applies as if it referred to Classes 4 to 7, instead of Classes 4 to 7A.