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Income and Corporation Taxes Act 1988, Section 83 is up to date with all changes known to be in force on or before 14 August 2024. 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.
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M1Notwithstanding anything in section 74, in computing the [F1profits] of a trade [F2for the purposes of corporation tax] there may be deducted as expenses any fees paid or expenses incurred—
(a)in obtaining for the purposes of the trade the grant of a patent, an extension of the term of a patent, the registration of a design or trade mark, [F3an extension of the period for which the right in a registered design subsists] or the renewal of registration of a trade mark, or
(b)in connection with a rejected or abandoned application for a patent made for the purposes of the trade.
Textual Amendments
F1Words in s. 83 substituted (31.7.1998) by Finance Act 1998 (c. 36), s. 46(3)(a)(b), Sch. 7 para. 1
F2Words in s. 83 inserted (6.4.2005 with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 56 (with Sch. 2)
F3Sch.7 para.36(2) Copyright, Designs and Patents Act 1988 (c.48)—in force on 1August 1989. (Commencement order—S.I. 1989 No.816—not reproduced.)Previously
“the extension of the period of copyright in a design”.
F4Words in s. 83 repealed (31.10.1994) by Trade Marks Act 1994 (c. 26), s. 109(1), Sch. 5; S.I. 1994/2550, art. 2
Modifications etc. (not altering text)
C1S. 83(a) modified (31.10.1994) by Trade Marks Act 1994 (c. 26), s. 109(1), Sch. 4 para. 1(1)(2); S.I. 1994/2550, art. 2
Marginal Citations
M1SOURCE-1970 s. 132
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