Valid from 06/04/2005
209(1)Amend section 533 (interpretation of intellectual property provisions) as follows.U.K.
(2)In subsection (1)—
(a)for “529” substitute “ 528 ”, and
(b)for the definition of “income from patents” substitute—
““income from patents” means—
(a)any royalty or other sum paid in respect of the use of a patent; and
(b)any amount on which tax is payable for any accounting period by virtue of section 524 or 525 above or section 472(5) of, or paragraph 100 of Schedule 3 to, the Capital Allowances Act,
but does not include any amount chargeable to income tax.”
(3)In each of subsections (2) to (5) for “529” substitute “ 528 ”.