Corporation Tax Act 2009

921Licences connected with patentsU.K.
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(1)The acquisition of a licence in respect of a patent is treated for the purposes of this Chapter as a purchase of patent rights.

(2)The grant of a licence in respect of a patent is treated for the purposes of this Chapter as a sale of part of patent rights.

(3)But the grant by a person entitled to patent rights of an exclusive licence is treated for the purposes of this Chapter as a sale of the whole of those rights.

(4)In subsection (3) “exclusive licence” means a licence to exercise the rights to the exclusion of the grantor and all other persons for the period remaining until the rights come to an end.