Commentary

B5.331 Expenses connected with patents, designs and trade marks

Business tax
Business tax | Commentary

B5.331 Expenses connected with patents, designs and trade marks

Business tax | Commentary

B5.331 Expenses connected with patents, designs and trade marks

Relief to traders

The corporate tax treatment of intangible assets, including patents, acquired or created on or after 1 April 2002 is set out in the corporate intangible regime as detailed in Division D1.6.

A deduction is allowed in respect of expenses incurred in obtaining for the purposes of a trade, the grant of a patent or the extension of a patent's term, or:

  1.  

    •     the registration of a design or trade mark

  2.  

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

  3.  

    •     the renewal of a

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