[F1[F2357GCZDAcquisition of qualifying IP rights etc by another party to CSAU.K.
(1)Subsection (2) applies if—
(a)a company is a party to a cost-sharing arrangement,
(b)a person (“A”) assigns to another party to the arrangement (“P”) a qualifying IP right,
(c)the qualifying IP right is a right in respect of the invention, and
(d)the company makes under the arrangement a payment in respect of the assignment (whether to A or to P).
(2)The payment is to be treated for the purposes of section 357BLE as if it were a payment to A in respect of the assignment by A to the company of the right.
(3)Subsection (4) applies if—
(a)a company is a party to a cost-sharing arrangement,
(b)a person (“A”) grants or transfers to another party to the arrangement (“P”) an exclusive licence in respect of qualifying IP right,
(c)the qualifying IP right is a right granted in respect of the invention, and
(d)the company makes a payment under the arrangement in respect of the grant or transfer (whether to A or to P).
(4)The payment is to be treated for the purposes of section 357BLE as if it were a payment to A in respect of the grant or transfer by A to the company of the licence.]]
Textual Amendments
F1Pt. 8A inserted (with effect in accordance with Sch. 2 paras. 7, 8 of the amending Act) by Finance Act 2012 (c. 14), Sch. 2 para. 1(1)
F2Ss. 357GC-357GCZF substituted for s. 357GC (with effect in accordance with s. 23(5) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), s. 23(3)