729 Writing down on accounting basis
Corporation Tax Act 2009 (2009 c 4) | Legislation

729  Writing down on accounting basis

(1)     If in a period of account a loss is recognised in determining a company's profit or loss in respect of capitalised expenditure on an intangible fixed asset—

(a)     by way of amortisation, or

(b)     as a result of an impairment review,

a corresponding debit must be brought into account for tax purposes.

(2)     The reference in subsection (1) to an “impairment review” does not include the valuation of an asset for the purpose

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