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Home / Simons-Taxes /Corporate tax /Part D1 Corporation tax generally /Division D1.6 Intangible fixed assets /Corporate intangible regime—tax computational rules / D1.629 Intangible debits—reversal of previous accounting gain
Commentary

D1.629 Intangible debits—reversal of previous accounting gain

Corporate tax

Where a loss is recognised in determining a company's profit or loss for an accounting period which reverses (in whole or in part) a gain which was recognised in a previous period of account and a credit was brought into account for tax purposes on that gain, then a corresponding debit shall be

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