Corporation Tax Act 2009 section 900A

Introduction

Section 900A introduces the chapter dealing with special rules that limit the tax deductions (debits) a company can claim in respect of intangible fixed assets that are classified as "restricted assets" — broadly, assets that existed before the intangible fixed assets regime was introduced in Finance Act 2002.

• This chapter restricts the tax debits a company can bring into account for intangible fixed assets that qualify as "restricted assets"
• Sections 900B to 900D set out the three cases in which an intangible fixed asset is treated as a restricted asset
• Sections 900E and 900F contain the special rules that actually limit the debits available
• Supplementary provisions cover the meaning of "relieving acquisition", when two persons are treated as related, and acquisitions made under unconditional obligations