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CTA09/PART8/S882(1B)(b), old CTA09/S882(1)(c) and CTA09/S882(3) - (5) - Outline

FA02 rule

In certain circumstances an intangible fixed asset acquired by a company between 1 April 2002 and 30 June 2020 may also satisfy the general conditions (CIRD11520) even though the transferor was a related party at the time of the acquisition. To do so one of the following must apply:

• the asset was acquired from a company in whose hands the asset was already within CTA09/PART8 (see CIRD11630)
• the asset was acquired from a person who in turn acquired the asset between 1 April 2002 and 30 June 2020 from a sufficiently unrelated transferor (see CIRD11640)
• the asset was created (by anybody) on or after 1 April 2002 (see CIRD11650)

See CIRD11670 and CIRD11690 for when an asset is regarded as ‘acquired� for the purpose of this rule.

See CIRD45105 onwards for the meaning of ‘related party�.