Corporation Tax Act 2009 section 807

Rights in companies, trusts etc

Section 807 excludes certain ownership rights in companies, trusts and partnerships from the intangible fixed assets regime, while providing exceptions where accounting treatment recognises these as intangible fixed assets.

• Shares and other rights relating to a company's profits, governance or winding up are excluded from the intangible fixed assets regime in Part 8
• Rights held under a trust are similarly excluded from Part 8
• A partner's interest in a firm is also excluded from Part 8
• However, where accounting treatment recognises trust rights or partnership interests as representing an interest in an intangible fixed asset, the exclusion does not apply and Part 8 will cover them