Commentary on Sections Overview Chapter 3: Debits in respect of intangible fixed assets Section 726: Introduction
1997.This section introduces the rules dealing with the main category of accounting losses which may be brought into account as a debit for tax purposes. It is based on paragraph 7 of Schedule 29 to FA 2002.
1998.The rules in this Chapter do not apply to the realisation of an intangible fixed asset. Subsection (3) provides a signpost to the Chapter that does.