SCHEDULES

SCHEDULE 2Transitionals and savings

Part 6Trading income

Expenses connected with patents, designs and trade marks

22

1

This paragraph applies if—

a

fees have been incurred, but not paid, for the purposes of a trade in connection with any of the matters mentioned in section 89 or 90,

b

the fees were incurred in a period of account no part of which falls in an accounting period ending after 31 March 2009, and

c

the fees have not been taken into account in calculating the profits of the trade of any accounting period.

2

A deduction is allowed for the fees in calculating the profits of the period of account in which they are paid.