Part 3 U.K. Trading income

Chapter 5 U.K. Trade profits: rules allowing deductions

Expenses connected with patents, designs and trade marks U.K.

89 Expenses connected with patents U.K.

In calculating the profits of a trade, a deduction is allowed for expenses incurred—

(a) in obtaining for the purposes of the trade the grant of a patent or the extension of a patent's term, or

(b) in connection with a rejected or abandoned application for a patent made for the purposes of the trade.