CIRD11730 - Intangible assets within CTA09/PART8: FA02 rule exceptions: assets already within income regime: introduction

CTA09/PART8/S897 and S905

Certain types of asset are brought within CTA09/PART8 (for all purposes) even though they fail the general conditions of the FA02 rule. »Ê¹ÚÌåÓýappse are assets whose purchase and sale were already revenue matters for corporation tax for periods prior to 1 April 2002.

»Ê¹ÚÌåÓýapp assets affected are:

  • telecommunications rights and licences within ITTOIA/PART2/S146 (see CIRD11740)
  • syndicate capacity at Lloyd’s (see CIRD11750)