Section 608 | References to assets

(1)A reference in this Part to an asset includes a reference to—

(a)part of an asset, and

(b)an interest in, or right in relation to, an asset.

(2)A reference in this Part to assets used in business of a company includes a reference to assets—

(a)which were acquired for the purpose of that business and which are not being used in another business,

(b)which are available for use in that business, or

(c)which are in any other way held in respect of, or associated or connected with, that business.

(3)For the purposes of this Part an asset is “involved” in a business if it is property involved in the business as described in section 529(4)(a).