Commentary

B5.334 Proceeds of sale of patent rights paid to non-UK resident

Business tax
Business tax | Commentary

B5.334 Proceeds of sale of patent rights paid to non-UK resident

Business tax | Commentary

B5.334 Proceeds of sale of patent rights paid to non-UK resident

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. The commentary below relates to pre-FA 2002 assets where it refers to corporation tax.

Where a non UK-resident sells the whole or any part of any patent rights and is chargeable under the sale either to income tax1 or corporation tax2, the person by or through whom the proceeds of sale are paid must, on making any payment of

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