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Legislation
Corporation Tax Act 2009

Crossheading Assets wholly excluded from this Part

  • Section 803 Non-commercial purposes etc
  • Section 804 Assets for which capital allowances previously made
  • Section 805 Rights over tangible assets
  • Section 806 Financial assets
  • Section 807 Rights in companies, trusts etc
  • Section 807A Assets representing expenditure on separate creative production trade
  • Section 809 Oil licences
  1. Assets wholly excluded from this Part
  2. Non-commercial purposes etc

Section 803 | Non-commercial purposes etc

From legislation.gov.uk

This Part does not apply to an intangible fixed asset so far as it is held—

(a)for a purpose that is not a business or other commercial purpose of the company, or

(b)for the purpose of activities in respect of which the company is not within the charge to corporation tax , otherwise than as a result of Chapter 3A of Part 2.

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