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Part 9U.K.Intellectual property: know-how and patents

Chapter 2U.K.Disposals of know-how

910Profits charged under section 908U.K.

(1)The profits charged under section 908 are—

(a)the amount of the consideration, less

(b)any expenditure incurred by the company wholly and exclusively in the acquisition or disposal of the know-how.

(2)Such expenditure may not be taken into account more than once, whether under this section or otherwise.

(3)This section needs to be read with section 926 (contributions to expenditure).