Capital Allowances Act 2001 Explanatory Notes

Capital Allowances Act 2001

2001 CHAPTER 2

Commentary on Sections

Glossary

Part 8: Patent allowances
Chapter 1: Introduction
Section 466: Grant of licences

1656.This section is based on section 533(2) and (3) of ICTA. It enables:

  • section 468 or 469 to apply to licence acquisitions. They would not otherwise as they require a purchase of patent rights; and

  • section 476(2) to apply to the grant of a licence. Section 476(2) requires a sale of patent rights.

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