# Income Tax (Earnings and Pensions) Act 2003, Section 459: Transfer of intellectual property by controlled company

Extent: E+W+S+N.I.

(1) For the purposes of this Chapter where a research institution has control of a company, a transfer of intellectual property from the company is to be treated as a transfer from the research institution.
(2) For the purposes of this Chapter where two or more research institutions together have control of a company, a transfer of intellectual property from the company is to be treated as a transfer from those research institutions.
(3) In this section “control” means control within the meaning given by sections 450 and 451 of CTA 2010.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/section/459n1 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-459n1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.