Commentary on Sections Overview Chapter 4: Realisation of intangible fixed assets Section 738: Asset not shown in balance sheet
2021.This section deals with cases where the intangible fixed asset that is realised is never shown in the balance sheet. It is based on paragraph 23 of Schedule 29 to FA 2002.
2022.Internally-generated goodwill is probably the most common example of an intangible fixed asset to which this section applies.