Part 8Patent allowances
Chapter 1Introduction
465Future patent rights
1
References in this Part to expenditure incurred on the purchase of patent rights include expenditure incurred on obtaining a right to acquire future patent rights.
2
If a person—
a
incurs expenditure on obtaining a right to acquire future patent rights, and
b
subsequently acquires those rights,
the expenditure is to be treated as having been expenditure on the purchase of those rights.
3
“A right to acquire future patent rights” means a right to acquire in the future patent rights relating to an invention in respect of which the patent has not yet been granted.
4
References in this Part to the proceeds of a sale of patent rights include a sum received from a person which is treated under this section as expenditure incurred by him on the purchase of patent rights.