736 Asset shown in balance sheet and not written down for tax purposes
Corporation Tax Act 2009 (2009 c 4) | Legislation

736  Asset shown in balance sheet and not written down for tax purposes

(1)     This section applies if—

(a)     there is a realisation of an intangible fixed asset to which section 735 does not apply, and

(b)     a value is shown for the asset in the company's balance sheet.

(2)     If the proceeds of realisation exceed the cost of the asset, a credit equal to the excess must be brought

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