Commentary

B5.335 Use of patent extended―royalties spread over several years

Business tax
Business tax | Commentary

B5.335 Use of patent extended―royalties spread over several years

Business tax | Commentary

B5.335 Use of patent extended―royalties spread over several years

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.

Royalties or other sums received under deduction of tax in respect of the user of a patent may be spread backwards for the purposes of income tax where the user is for a period of two complete years or more. The user may claim that the tax payable shall not exceed the amount which would have been payable if the

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