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CZ 10: Transitional relief for calculation of attributed repatriation dividends: 2 July 1992
or “Old rules for calculating special dividends on 2 July 1992 no longer apply”
You could also call this:

“Rules for taxing money from selling old software you got tax breaks for”

If you got a deduction for buying certain software items before 1 April 1993, this law applies to you. These items include the copyright in software, the right to use the copyright in software, or the right to use software.

If you sell one of these items, the money you get from selling it is counted as income. This means you might have to pay tax on it.

There are special rules that apply when you sell or get rid of these software items. These rules are explained in another part of the law called Sections EE 44 to EE 52. There’s also a specific rule about how to calculate the value of software you bought before 1 April 1993. You can find this rule in Section EZ 20.

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Next up: CZ 12: General insurance with risk period straddling 1 July 1993

or “Rules for certain reinsurance claims spanning 1 July 1993”
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Part C Income
Terminating provisions

CZ 11Recovery of deductions for software acquired before 1 April 1993

  1. This section applies to any of the following items for the acquisition of which a person was allowed a deduction before 1 April 1993:

  2. the copyright in software:
    1. the right to use the copyright in software:
      1. the right to use software.

        1. An amount derived from the disposal of the item is income.

        2. Sections EE 44 to EE 52 (which relate to disposals and similar events) apply to the item. Section EZ 20 (Adjusted tax value for software acquired before 1 April 1993) deals with the adjusted tax value of the item.

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