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Legislation
Corporation Tax Act 2009

Crossheading Accounting rules and definitions

  • Section 716 “Recognised” amounts and “GAAP-compliant accounts”
  • Section 717 Companies without GAAP-compliant accounts
  • Section 718 GAAP-compliant accounts: reference to consolidated group accounts
  • Section 719 Accounting value
  1. Accounting rules and definitions
  2. Accounting value

Section 719 | Accounting value

From legislation.gov.uk

In this Part “accounting value”, in relation to an asset, means the net book value (or carrying amount) of the asset recognised for accounting purposes.

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