Part 9Intellectual property: know-how and patents
Chapter 1Introduction
907Overview of Part
1
This Part applies the charge to corporation tax on income to—
a
profits from disposals of know-how (see Chapter 2), and
b
profits from sales of patent rights (see Chapter 3).
2
This Part also provides for relief from corporation tax on patent income (see Chapter 4).
3
Chapter 5 contains supplementary provision relevant to Chapters 2 to 4.
4
This Part needs to be read in the light of Part 8 (intangible fixed assets).
5
See in particular the following provisions of Part 8, which are relevant to the application of that Part—
a
section 713 (meaning of “intangible fixed asset”),
b
Chapter 16 (which limits the application of Part 8 to assets which are not pre-FA 2002 assets within the meaning of section 881), and
c
section 906 (which contains a rule about the priority of Part 8 for corporation tax purposes).