(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 [F1an exemption] from the charge under section 579, see, in particular, [F2section] 727 (certain annual payments by individuals) F3....
(3)This Chapter also provides for relief from income tax on patent income (see section 600).
Textual Amendments
F1Words in s. 578(2) substituted (with effect in accordance with s. 34(8) of the amending Act) by Finance Act 2021 (c. 26), s. 34(4)(b)(i)
F2Word in s. 578(2) substituted (with effect in accordance with s. 34(8) of the amending Act) by Finance Act 2021 (c. 26), s. 34(4)(b)(ii)
F3Words in s. 578(2) omitted (with effect in accordance with s. 34(8) of the amending Act) by virtue of Finance Act 2021 (c. 26), s. 34(4)(b)(iii)