CIRD271100 | Patent Box : transfer of trade provisions

CTA10 s357GCA

There are special rules when there has been a transfer of a trade or a part trade, regardless of whether the companies are part of the same group. CIRD240160 explains

- the conditions which need to be met for CTA10/s357GCA to apply

- the requirements in relation to inheriting the components of the R&D fraction

- what to include as an acquisition cost (A in the R&D fraction).

To ensure that this section is not overlooked please follow the link to CIRD240160

CIRD240160 also sets out the rules concerning relevant IP losses when a trade has been transferred, which is why it is in the chapter on losses.