PART XIII MISCELLANEOUS SPECIAL PROVISIONS
C1CHAPTER I INTELLECTUAL PROPERTY
Patents and know-how
520 Allowances for expenditure on purchase of patent rights: post-31st March 1986 expenditure.
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
521 Provisions supplementary to section 520.
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
522 Allowances for expenditure on purchase of patent rights: pre-1st April 1986 expenditure.
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523 Lapses of patent rights, sales etc.
F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
524 Taxation of receipts from sale of patent rights.
F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
525 Capital sums: F6. . . winding up or partnership change.
F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
526 Relief for expenses.
F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
527 Spreading of royalties over several years.
F9M11
Where—
a
a royalty or other sum is paid to a company in respect of the user of a patent,
b
the user extended over a period of six complete years or more, and
c
the payment is one from which a sum representing income tax must be deducted under section 903 of ITA 2007,
the company may on the making of a claim require that the corporation tax payable by it by reason of the receipt of that sum shall be reduced so as not to exceed the total amount of corporation tax which would have been payable by it if that royalty or sum had been paid in six equal instalments at yearly intervals, the last of which was paid on the date on which the payment was in fact made.
2
Subsection (1) above shall apply in relation to a royalty or other sum where the period of the user is two complete years or more but less than six complete years as it applies to the royalties and sums mentioned in that subsection, but with the substitution for the reference to six equal instalments of a reference to so many equal instalments as there are complete years comprised in that period.
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F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
528 Manner of making allowances and charges.
F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
529 Patent income to be earned income in certain cases.
F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
530 Disposal of know-how.
F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
531 Provisions supplementary to section 530.
F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
532 Application of Capital Allowances Act
F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
533 Interpretation of sections 520 to 532.
F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pt. 13 Ch. 1 modified (8.11.1995) by Atomic Energy Authority Act 1995 (c. 37), Sch. 3 para. 20