SCHEDULES
SCHEDULE 9Profits from the exploitation of patents etc: consequential
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1
Section 357DA (relevant IP profits) is amended as follows.
2
In subsection (1)—
a
in Step 1—
i
for “section 357CB” substitute “
section 357BG
”
, and
ii
for “sections 357CC and 357CD” substitute “
sections 357BH to 357BHC
”
,
b
in Step 4, after “routine return figure” insert “
in relation to the trade for the accounting period
”
,
c
in Step 5, for “elected” substitute “
made an election under section 357CL
”
, and
d
in Step 6, after “marketing assets return figure” insert “
in relation to the trade for the accounting period
”
.
3
In subsection (4), in the words after paragraph (b), for “sections 357CJ and 357CK” substitute “
sections 357BJA and 357BJB
”
.