Commentary on Sections Overview Chapter 4: Realisation of intangible fixed assets Section 736: Asset shown in balance sheet and not written down for tax purposes
2016.This section gives the rules quantifying the credit or debit for an intangible fixed asset shown in the company’s balance sheet and not previously written down for tax purposes. It is based on paragraph 21 of Schedule 29 to FA 2002.
2017.Examples of intangible fixed assets to which this section applies include those sold soon after acquisition.