Section 578 Contents of Chapter

(1)

This Chapter imposes charges to income tax under—

(a)

section 579 (royalties and other income from intellectual property),

(b)

section 583 (income from disposals of know-how), and

(c)

section 587 (income from sales of patent rights).

(2)

For F1an exemption from the charge under section 579, see, in particular, F2section 727 (certain annual payments by individuals) F3....

(3)

This Chapter also provides for relief from income tax on patent income (see section 600).

Annotations

F1: Words in s. 578(2) substituted (with effect in accordance with s. 34(8) of the amending Act) by Finance Act 2021 (c. 26), s. 34(4)(b)(i)
F2: Word in s. 578(2) substituted (with effect in accordance with s. 34(8) of the amending Act) by Finance Act 2021 (c. 26), s. 34(4)(b)(ii)
F3: Words in s. 578(2) omitted (with effect in accordance with s. 34(8) of the amending Act) by virtue of Finance Act 2021 (c. 26), s. 34(4)(b)(iii)