{
  "url": "https://openlegislation.uk/finance-act-2000/schedule-14/paragraph-22",
  "json_url": "https://openlegislation.uk/finance-act-2000/schedule-14/paragraph-22.json",
  "legislation": "ukpga/2000/17",
  "legislation_title": "Finance Act 2000",
  "legislation_url": "https://openlegislation.uk/finance-act-2000",
  "path": "schedule/14/paragraph/22",
  "kind": "paragraph",
  "number": "22",
  "heading": null,
  "text": "(1) This paragraph supplements paragraph 19(1)(d) so far as it relates to the receipt of royalties and licence fees.\n(2) A trade shall not be regarded as not being a qualifying trade by reason only that it consists to a substantial extent in the receiving of royalties or licence fees if the royalties and licence fees (or all but for a part that is not a substantial part in terms of value) are attributable to the exploitation of relevant intangible assets.\n(3) For this purpose an intangible asset is a “relevant intangible asset” if the whole or greater part (in terms of value) of it has been created—\n(a) by the company carrying on the trade, or\n(b) by a company which at all times during which it created the asset was—\n(i) the parent company of the company carrying on the trade, or\n(ii) a qualifying subsidiary of that parent company.\n(4) In this paragraph “intangible asset” means any asset which falls to be treated as an intangible asset in accordance with generally accepted accounting practice.\n. . .\n(5) In the case of a relevant asset that is intellectual property, references in this paragraph to the creation of the asset by a company are to its creation in circumstances in which the right to exploit it vests in the company (whether alone or jointly with others).\n(6) In sub-paragraph (5) “intellectual property” means—\n(a) any patent, trade mark, registered design, copyright, design right, performer’s right or plant breeder’s right; and\n(b) any rights under the law of a country or territory outside the United Kingdom which correspond or are similar to those falling within paragraph (a).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 14 para. 22(4) substituted (24.7.2002) by 2002 c. 23, s. 103(4)(f)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 14 para. 22(4) repealed (24.7.2002) by 2002 c. 23, s. 141, Sch. 40 Pt. 3(16)"
    }
  ],
  "outstanding_effects": [
    {
      "type": "inserted",
      "affecting": "asp/2001/8",
      "affecting_title": "Regulation of Care (Scotland) Act 2001"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/22",
    "retrieved_at": "2026-10-29T09:21:00.128981+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}