Section 89 Expenses connected with patents
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.
Notes on Part 3
Modifications
- C1
Pt. 3 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 4(1)