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

The following provisions apply to any payment made in a tax year1 where condition A or condition B is met2.

Condition A is that:


    (1)     the payment is a royalty3, or a payment of any other kind, for the use of, or the right to use, intellectual property4;


    (2)     the usual place of abode of the owner of the intellectual property is outside the United Kingdom; and


    (3)     the payment is charged to income tax or corporation tax5.

Condition B is that:


    (a)     the payment is a payment of sums payable periodically in respect of intellectual property;


    (b)     the person entitled