Part 5Miscellaneous income

Chapter 2Receipts from intellectual property

Charge to tax on non-trading income from intellectual property

579Charge to tax on royalties and other income from intellectual property

1

Income tax is charged on royalties and other income from intellectual property.

2

In this section “intellectual property” means—

a

any patent, trade mark, registered design, copyright, design right, performer's right or plant breeder's right,

b

any rights under the law of any part of the United Kingdom which are similar to rights within paragraph (a),

c

any rights under the law of any territory outside the United Kingdom which correspond or are similar to rights within paragraph (a), and

d

any idea, information or technique not protected by a right within paragraph (a), (b) or (c).