Section 357CP | Actual marketing royalty ^F1

(1)The actual marketing royalty in respect of a trade of a company for an accounting period is X% of the aggregate of any sums which—^F1

(a)were paid by the company for the purposes of acquiring any relevant marketing assets, or the right to exploit any such assets, and^F1

(b)were brought into account as debits in calculating the profits of the trade for the accounting period.^F1

(2)In this section—^F1

“relevant marketing assets” has the same meaning as in section 357CO, and

“X%” is the percentage given by Step 2 in section 357C(1).