Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Expenses connected with patents, designs and trade marks

  • Section 89 Expenses connected with patents
  • Section 90 Expenses connected with designs or trade marks
  1. Expenses connected with patents, designs and trade marks
  2. Expenses connected with patents

Section 89 | Expenses connected with patents

From legislation.gov.uk

(1)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.

(2)This section does not apply to professions or vocations.

PreviousNext
PrivacyTerms