Corporation Tax Act 2009 section 719

Accounting value

Section 719 defines the term "accounting value" as used throughout Part 8 of the Corporation Tax Act 2009, which deals with intangible fixed assets.

• The term "accounting value" is a defined term used throughout Part 8 of the Act
• It refers to the net book value (or carrying amount) of an asset as recognised in the company's accounts
• This is the value at which the asset appears in the accounting records after any amortisation or impairment has been applied
• The definition ensures consistency whenever the term is used across the intangible fixed assets provisions