Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Corporate Intangibles Research and Development Manual

HM Revenue & Customs
, see all updates

Intangible assets: company reorganisations: amalgamation of business of building societies, industrial and provident societies and co-operative associations



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 disposedof 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 29.