# Income Tax Act 2007, Paragraph 473


(1) Amend section 189 (relevant UK individual) as follows.
(2) In subsection (2)—
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c) for paragraph (c) substitute—
“(c) income to which subsection (2A) applies.”
(3) After subsection (2) insert—
“(2A) This subsection applies to income if—
(a) it is patent income, and
(b) the individual, alone or jointly, devised the invention for which the patent in question was granted.”
(4) After subsection (4) insert—
“(5) “UK furnished holiday lettings business” means a UK property business so far as consisting of the commercial letting of furnished holiday accommodation (within the meaning of Chapter 6 of Part 3 of ITTOIA 2005).
(6) If there is a letting of accommodation only part of which is holiday accommodation, just and reasonable apportionments are to be made for the purpose of determining what is comprised in a UK furnished holiday lettings business.
(7) “Patent income” means—
(a) royalties or other sums paid in respect of the use of a patent charged to tax under section 579 of ITTOIA 2005,
(b) amounts on which tax is payable under section 587 or 593 of ITTOIA 2005, or
(c) amounts on which tax is payable under—
(i) section 472(5) of the Capital Allowances Act, or
(ii) paragraph 100 of Schedule 3 to that Act.”

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/473 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-1/paragraph-473
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.