Corporation Tax Act 2009 section 874

Original asset not subject to fixed-rate writing down

Section 874 deals with the tax adjustment required when a change of accounting policy causes a single intangible fixed asset to be split into two or more separate assets, where the original asset was not subject to fixed-rate writing-down.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.