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Income Tax (Trading and Other Income) Act 2005

Section 90: Expenses connected with designs or trade marks

365.This section allows a deduction for expenses connected with designs or trade marks. It is based on section 83 of ICTA.

366.Subsection (1) sets out the expenses that are allowable. The deduction is on the basis of expenses incurred. This relaxes any requirement in the source legislation that fees have to be paid before a deduction can be made. See Change 23 in Annex 1.

367.Subsection (2) establishes that the rule in this section is an exception to the general rule in section 56 of this Act.

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