Occasionally, an asset may fall partly within and partly outside
Schedule 29. Paragraph 72 provides that in those circumstances the
rules in Schedule 29 and the other CT rules should apply as if
there were two assets, one within Schedule 29 and one outside it.
Any apportionment, for example of expenditure on the asset, is to
be made on a just and reasonable basis.
This situation could arise for example where an option is granted both for the acquisition or disposal of an intangible fixed asset (and to that extent within Schedule 29 - see CIRD11175) and in respect of other assets (and to that extent within the general rules for derivative contracts in FA02/SCH26 - see CFM11000 onwards and CFM13250 onwards.
Where valuation of intangible assets is an issue see CIRD10240.