Section 844(1)

Where development costs are shown or included as an asset in a company's accounts, any amount shown or included in respect of those costs is treated— for the purposes of section 830 (distributions to be made out of profits available for the purpose) as a realised loss, and for the purposes of section 832 (distributions by investment companies out of accumulated revenue profits) as a realised revenue loss. This is subject to the following exceptions.

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Source: legislation.gov.uk · retrieved 2026-09-04