Commentary

B3.602 Patent rights qualifying expenditure

Business tax
Business tax | Commentary

B3.602 Patent rights qualifying expenditure

Business tax | Commentary

Patent rights

B3.602 Patent rights qualifying expenditure

Patent rights are defined as the right to do or authorise the doing of anything which would, but for that right, be an infringement of a patent1. There is no definition of a patent, but it would appear to include patents registered in any part of the world.

Patent rights allowances are available to a person who incurs qualifying expenditure on the purchase of patent rights2. Qualifying expenditure may be either qualifying trade expenditure or qualifying non-trade expenditure (see below)3.

The acquisition of a licence in respect of a patent is regarded as a

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