|
|
|
Amendment of section 291A of Principal Act (intangible assets)
|
| |
25. (1) Section 291A of the Principal Act is amended—
|
|
| |
(a) in subsection (5), by inserting the following paragraph after paragraph (b):
|
|
| |
“(c) Where the trade of a company consists wholly of the carrying on of relevant activities (within the meaning of paragraph (a)), then the trade shall, for the purposes of subsection (6), be treated as a relevant trade.”,
|
|
| |
and
|
|
| |
(b) in subsection (6)(a), by substituting “exceed 80 per cent of” for “exceed”.
|
|
| |
(2) (a) Subsection (1)(a) is deemed to have applied in respect of capital expenditure incurred by a company on or after 8 May 2009.
|
|
| |
(b) Subsection (1)(b) applies to capital expenditure incurred by a company on or after 11 October 2017.
|
