Part 9Intellectual property: know-how and patents
Chapter 3Sales of patent rights
Introductory
911Overview of Chapter
1
This Chapter—
a
applies the charge to corporation tax on income to profits from sales of patent rights (see sections 912 and 913),
b
contains provision about how the amount chargeable is taxed (see sections 914 to 918), and
c
contains related provision, including provision relevant to the application of the Chapter (see sections 919 to 923).
2
Section 848 of ITA 2007, under which a sum representing income tax deducted under section 910 of that Act (deduction from payment to non-UK residents in respect of sale of patent rights) is treated as income tax paid by the recipient, is also relevant to the tax treatment of payments made to non-UK resident companies in respect of sales of patent rights.