Commentary on Sections Overview Overview Section 56: Non-trading debits on intangible fixed assets
158.This section harmonises the credit relief regime with the intangible fixed assets regime. It is based on sections 797(3) and 797B(1), (3) and (4) of ICTA.
159.As explained in the commentary on section 51, the figures calculated for the purposes of the intangible fixed assets regimes need to be analysed for the purposes of credit relief. This section is about the allocation for those purposes of non-trading debits.
160.In this section, “the period” is the period mentioned in section 42(2).