Income Tax (Trading and Other Income) Act 2005

89Expenses connected with patentsU.K.
This adran has no associated Nodiadau Esboniadol

(1)In calculating the profits of a trade, a deduction is allowed for expenses incurred—

(a)in obtaining for the purposes of the trade the grant of a patent or the extension of a patent's term, or

(b)in connection with a rejected or abandoned application for a patent made for the purposes of the trade.

(2)This section does not apply to professions or vocations.