Point in time view as at 31/01/2013.
Corporation Tax Act 2010, Section 357BD is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)A company carries out “qualifying development” in relation to a right if—
(a)it creates, or significantly contributes to the creation of, the invention, or
(b)it performs a significant amount of activity for the purposes of developing the invention or any item or process incorporating the invention.
(2)The reference in subsection (1)(b) to developing the invention includes developing ways in which the invention may be used or applied.
(3)For the purposes of section 357BC it does not matter whether the qualifying development was carried out before or after—
(a)the company, or
(b)where the company is a member of a group, any member of the group,
became the holder of the right or (as the case may be) an exclusive licence in respect of the right.]
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)
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