Commentary

B3.601 Patent rights and know-how introduction

Business tax
Business tax | Commentary

B3.601 Patent rights and know-how introduction

Business tax | Commentary

Division B3.6     Patent rights and know-how

For updates affecting this Division please see Part B0 Updates

Capital allowances on patent rights and know-how

B3.601 Patent rights and know-how introduction

This Division describes the capital allowances available for capital expenditure on the acquisition of patent rights and know-how. The provisions apply for income tax purposes generally, but do not apply for corporation tax purposes for expenditure after 31 March 2002 where (as is almost certainly the case) relief is given under the intangible assets regime (see Division D1.6)1. They continue to apply to capital expenditure by companies

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