Modifications etc. (not altering text)
C1 S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7
“Qualifying non-trade expenditure” means capital expenditure incurred by a person on the purchase of patent rights if—
(a)any income receivable by the person in respect of the rights would be liable to tax, and
(b)the expenditure is not qualifying trade expenditure.