882 Application of this Part to assets created or acquired on or after 1 April 2002
Corporation Tax Act 2009 (2009 c 4) | Legislation

General rule

882  Application of this Part to assets created or acquired on or after 1 April 2002

[(1)     The general rule is that this Part applies to an intangible fixed asset of a company (“the company”) only if one or more of the conditions in subsections (1A) to (1D) is met.

(1A)     The condition in this subsection is that the asset is created by the company on or after 1 April 2002.

(1B)     The condition in this subsection is that the asset is acquired by the company during the period beginning with 1 April 2002 and ending with 30 June 2020 and either—

(a)     it is acquired from a person who at the time of the acquisition is not a related party in relation to the company, or

(b)     it is acquired in case A (in subsection (3)), case B (in subsection (4)) or case C (in subsection (5)) from a person who at the time of the acquisition is a related party in relation to the company.

(1C)     The

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