769H Family of products and assets

This section provides for the application of this Chapter to families of assets, rather than to each individual asset, in certain circumstances.

(1) If a number of qualifying assets are interlinked, such that it would be impossible to identify the qualifying expenditure or the overall income from each asset without making arbitrary apportionments, then the Chapter can apply to a family of assets.

(2) The chosen family of assets must be the smallest grouping of assets for which the expenditure and income can reasonably be identified.

(3) The company can opt for the Chapter to apply to a family of assets, rather than to each individual asset.

Relevant Date: Finance Act 2021