526. Certain Telecommunication Rights: Non-Trade Businesses. | Taxation Law | LexisNexis

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526. Certain telecommunication rights: non-trade businesses.

Income tax is charged on income derived from a relevant telecommunication right¹ that is not used or held for the purposes of a trade, profession or vocation². Tax is charged on the full amount of income arising in the tax year³ and the person liable is the person receiving or entitled to the income⁴.

For these purposes, income is calculated in accordance with the following provisions, except in relation to annual payments

(14) Intellectual Property

522. Receipts from royalties and other income from intellectual property.

523. Assessment of patent income; relief for expenses.

524. Spreading patent royalties over several years.

525. Films and sound recordings: non-trade businesses.

526. Certain telecommunication rights: non-trade businesses.

527. Sales of patent rights.

528. Sales of patent rights: spreading rules.

529. Effect of partnership changes.

530. Disposals of know-how.

531. General provisions.

532. Patent box regime.

533. Copyright in general.

534. Taxation of copyright and other royalties where owner abroad.

535. Relief for fluctuating profits of creative artists.