Part 5Miscellaneous income

Chapter 2Receipts from intellectual property

Introduction

578Contents of Chapter

1

This Chapter imposes charges to income tax under—

a

section 579 (royalties and other income from intellectual property),

b

section 583 (income from disposals of know-how), and

c

section 587 (income from sales of patent rights).

2

For F3an exemption from the charge under section 579, see, in particular, F1section 727 (certain annual payments by individuals) F2....

3

This Chapter also provides for relief from income tax on patent income (see section 600).