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Contents

Legislation
Corporation Tax Act 2009

Crossheading Miscellaneous

  • Section 919 Deduction of tax from payments to non-UK resident companies
  • Section 920 Adjustments where tax has been deducted
  • Section 921 Licences connected with patents
  • Section 922 Rights to acquire future patent rights
  • Section 923 Sums paid for Crown use etc treated as paid under licence
  1. Miscellaneous
  2. Licences connected with patents

Section 921 | Licences connected with patents

From legislation.gov.uk

(1)The acquisition of a licence in respect of a patent is treated for the purposes of this Chapter as a purchase of patent rights.

(2)The grant of a licence in respect of a patent is treated for the purposes of this Chapter as a sale of part of patent rights.

(3)But the grant by a person entitled to patent rights of an exclusive licence is treated for the purposes of this Chapter as a sale of the whole of those rights.

(4)In subsection (3) “exclusive licence” means a licence to exercise the rights to the exclusion of the grantor and all other persons for the period remaining until the rights come to an end.

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