C1Part 3Trading income

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Modifications etc. (not altering text)

Chapter 5Trade profits: rules allowing deductions

Expenses connected with patents, designs and trade marks

89Expenses connected with patents

In calculating the profits of a trade, a deduction is allowed for expenses incurred—

a

in obtaining for the purposes of the trade the grant of a patent or the extension of a patent's term, or

b

in connection with a rejected or abandoned application for a patent made for the purposes of the trade.

90Expenses connected with designs or trade marks

In calculating the profits of a trade, a deduction is allowed for expenses incurred in obtaining for the purposes of the trade—

a

the registration of a design or trade mark,

b

the extension of a period for which the right in a registered design subsists, or

c

the renewal of registration of a trade mark.