Commentary

B2.456 Patents, designs and trade marks

Business tax
Business tax | Commentary

B2.456 Patents, designs and trade marks

Business tax | Commentary

B2.456 Patents, designs and trade marks

For corporation tax purposes, patents are within the definition of intangible fixed assets subject to the corporate intangible assets regime1, see Division D1.6.

For income tax purposes a deduction is allowed for expenses incurred in obtaining, for the purposes of a trade, the grant of a patent, the extension of a patent's term2, or3:

  1.  

    •     the registration of a design or trade mark

  2.  

    •     the extension of a period for which the right in a registered design subsists or

  3.  

    •     the renewal of a registration of a trade mark.

A deduction is also allowed in respect

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial