Section 357OD | “Realisation credit” and “realisation debit”

In this Chapter, a “realisation credit” or “realisation debit”, in relation to a trade carried on by a company in an accounting period, means a credit or debit which—

(a)is brought into account by the company under Part 8 of CTA 2009 for the period as a result of Chapter 4 of that Part (realisation of intangible fixed assets),

(b)is treated under section 747 of that Act as a receipt or expense of the trade, and

(c)does not relate to a pre-commencement asset.