Taxation (International and Other Provisions) Act 2010 section 391A

Amounts capitalised in carrying value of intangible fixed assets

Section 391A ensures that when interest or other financing costs are capitalised within the carrying value of an intangible fixed asset, any subsequent tax deduction arising from the write-off of that asset remains within the scope of the corporate interest restriction rules.

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.