Section 802 | Effect of partial exclusion

(1)If because of any of sections 803 to 815 an asset is excluded to the extent that—

(a)it represents particular rights,

(b)it is an asset of a particular description,

(c)it is held for particular purposes, or

(d)it represents expenditure of a particular kind,

this Part applies as if there were a separate asset representing so much of the asset as is not so excluded.

(2)The other provisions of the Corporation Tax Acts apply as if there were a separate asset representing so much of the asset as is excluded.

(3)Any apportionment necessary for the purposes of this section must be made on a just and reasonable basis.