Commentary on Sections Overview Overview Section 857: Deemed market value acquisition: adjustment where nil accounting value
2196.This section provides for accounting entries based on market value for the purposes of the calculation rules. It is based on paragraph 106 of Schedule 29 to FA 2002.
2197.This section is relevant when an intangible fixed asset is transferred at a nil accounting value but is treated under the rules in this Part as acquired at market value. The most common example is internally-generated goodwill.