Part 9Intellectual property: know-how and patents
Chapter 3Sales of patent rights
Charge to tax
912Charge to tax on profits from sales of patent rights
1
The charge to corporation tax on income applies to profits from sales by a company of the whole or part of any patent rights.
2
Subsection (1) applies in the case of a non-UK resident company if the patent is granted under the laws of the United Kingdom.
3
In this Chapter “patent rights” means the right to do or authorise the doing of anything which, but for the right, would be an infringement of a patent.