CIRD20130 - Reinvestment relief: general matters and conditions to be satisfied: by new asset: must be ‘chargeable intangible asset’

FA02/SCH29/PARA39 (1)(c)

To qualify for relief the reinvestment must be in assets that count as ‘chargeable intangible assets’ (see CIRD20035) in the hand of the company incurring the expenditure immediately after the expenditure is incurred.