A company's gains in respect of intangible1 fixed assets are chargeable to corporation tax as income; and except where otherwise indicated, the amounts to be brought into account3 in respect of any matter are the only amounts to be brought into account for the purposes of corporation tax in respect of that matter2.
In relation to a company 'intangible fixed asset' means an intangible asset acquired or created by the company for use on a continuing basis in the course of the company's activities; and references to an intangible fixed asset include an option or other right to acquire an
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