Corporation Tax Act 2009 section 805

Rights over tangible assets

Section 805 excludes certain rights over tangible assets from the intangible fixed assets regime under this Part of the Act.

• The intangible fixed assets rules do not apply to rights that relate to tangible (physical) assets.
• Rights arising from ownership of, or interests in, land are excluded from this Part.
• Rights relating to tangible movable property (physical items other than land) are also excluded.
• Where an intangible fixed asset partly represents such rights, this Part is disapplied only to the extent that it represents those tangible asset rights.