CIRD42140 - Intangible assets: company
amalgamation of business of building societies,
industrial and provident societies and co-operative
This paragraph applies to:
- Building societies.
- Registered industrial and provident
societies within the meaning of ICTA88/S486.
- Co-operative associations that are treated
in the same way as industrial and provident societies by
ICTA88/S486 (1) and (8).
Where a chargeable intangible asset (
CIRD20035) is disposed of by one of the
concerns mentioned above to another such concern in the course of
or as part of an amalgamation or transfer of engagements, it passes
on a tax neutral basis (
CIRD40300) for the purposes of Schedule