INTANGIBLE FIXED ASSETS Sample Clauses
INTANGIBLE FIXED ASSETS. (a) Each Group Company has drawn up its accounts in accordance with generally accepted accounting practice and has brought into account for Taxation purposes debits under section 728 and section 729 of the CTA 2009.
(b) No claims or elections have been made by a Group Company under section 827 (transfers to non-UK resident company) or Chapter 7 Part 8 CTA 2009 (roll over relief on realisation and reinvestment) in respect of any intangible fixed asset of a Group Company.
INTANGIBLE FIXED ASSETS. No debits or credits would arise for the Company under Part 8 CTA 2009 (intangible fixed assets) if any intangible fixed asset of the Company was disposed of for a consideration equal to the book value shown in or adopted for the purpose of the Accounts.
INTANGIBLE FIXED ASSETS. 6.1 For the purposes of this paragraph 6, references to intangible fixed assets mean intangible fixed assets and goodwill within the meaning of Schedule 29 FA 2002/Part 8 CTA.
6.2 No claims or elections have been made by the Company under Part 7 of Schedule 29 FA 2002/Chapter 7 of Part 8 CTA or paragraph 86 of Schedule 29 FA 2002/section 827 CTA in respect of any intangible fixed asset of the Company.
INTANGIBLE FIXED ASSETS. HHL has sufficient records to identify intangible fixed assets (including goodwill) owned by HHL and treated for Tax purposes as assets falling within Schedule 29 FA 2002 (gains and losses of a company from intangible fixed assets) and no adjustments to net credits or debits will arise under Paragraph 58 Schedule 29 FA 2002 (company ceasing to be member of group (“degrouping”)) as a result of any transaction on or before Completion.
INTANGIBLE FIXED ASSETS. 38.1 No debits or credits would arise for the Company pursuant to schedule 29 Finance Xxx 0000 if any intangible fixed asset of the Company was disposed of for a consideration equal to the book value shown in or adopted for the purpose of the Accounts.
38.2 The Company has not made and is not entitled to make any claim to have the cost for Taxation purposes of any intangible fixed asset reduced by reference to the proceeds of realisation of any other intangible fixed asset.
38.3 The Accounts have been prepared in accordance with UK generally accepted accounting practice and bring into account for Taxation purposes debits under paragraphs 8 (Expenditure written off as it is incurred) or 9 (Writing down on accounting basis) of schedule 29 Finance Xxx 0000.
INTANGIBLE FIXED ASSETS. The Company does not own any of the intangible fixed assets for the purposes of Schedule 29 FA 2002 (Gains and losses of a company from intangible assets).
INTANGIBLE FIXED ASSETS. If each of the intangible assets of the Company were disposed of on the date of this Agreement for (in the case of each asset owned by the Company at the Accounts Date) a consideration equal to the value attributed to that intangible fixed asset (including goodwill) in preparing the Accounts or (in the case of each asset acquired since the Accounts Date) a consideration equal to the actual consideration given for the acquisition then (in the case of each asset so owned) no liability to tax would be incurred by the Company.
INTANGIBLE FIXED ASSETS. Software development (pound sign) Cost As at 1 April 1996 163,124 Additions 129,432 As at 31 December 1996 392,556 Additions include capitalised interest of (pound sign) 28,607 (prior period (pound sign)25,814). Amortisation of this asset is expected to commence in 1997. In the opinion of the directors, the value of this asset is substantially greater than its stated cost.
INTANGIBLE FIXED ASSETS. 8.1 No Group Company has made an election under section 730 CTA 2009 in respect of any intangible fixed asset owned by a Group Company at the date of this Agreement.
8.2 No intangible fixed asset owned at the date of this Agreement by any Group Company incorporated in the United Kingdom was created or acquired by any Group Company before 1 April 2002.
INTANGIBLE FIXED ASSETS. 14.1 Gains and losses in respect of all intangible fixed assets (as defined for the purposes of Schedule 29 to the Finance Act 2002) which are or have at any time been held by the Company, and to which the provisions of Schedule 29 to the Finance Xxx 0000 apply or may apply, are and have at all times been computed in accordance with generally accepted accounting practice (as defined by section 836A of the ICTA 1988).
14.2 The Company has not made an election under paragraph 10 of Schedule 29 to the Finance Xxx 0000 in respect of any intangible fixed asset (as defined for the purposes of that Schedule).
14.3 Neither the execution nor the performance of, nor any action taken in pursuance of, this Agreement, nor the satisfaction of any condition to which this Agreement is subject, nor any other event, transaction, act or omission since the Accounts Date will result in any asset of the Company being deemed to have been disposed of and reacquired under paragraph 58 of Schedule 29 to the Finance Xxx 0000.
14.4 The Company has not joined in making, nor has it incurred an obligation to join in making, any election under paragraph 66 of Schedule 29 to the Finance Xxx 0000.