Part 3

Trading income
Chapter 4

Trade profits: rules restricting deductions

Patent royalties
59
In calculating the profits of a trade, no deduction is allowed for royalties or other sums paid for the use of patents.
Pt. 3 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 4(1)