Part 3Trading income

Chapter 5Trade profits: rules allowing deductions

Expenses connected with patents, designs and trade marks

90Expenses connected with designs or trade marks

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

a

the registration of a design or trade mark,

b

the extension of a period for which the right in a registered design subsists, or

c

the renewal of registration of a trade mark.