Corporation Tax Act 2009 section 801

Right to dispose of or acquire excluded asset also excluded

Section 801 extends the exclusion rules so that options or rights relating to excluded assets are themselves excluded from the intangible fixed assets regime.

• Where an asset is excluded from the intangible fixed assets rules by Chapter 10, any associated option or right is also excluded.
• This covers both options or rights to acquire and options or rights to dispose of the excluded asset.
• The exclusion applies automatically — there is no need to claim it separately for the option or right.
• A corresponding rule in section 713(2) operates in the opposite direction, confirming that options or rights relating to assets that are within the regime are themselves within the regime.