# Income Tax (Trading and Other Income) Act 2005, Section 89: Expenses connected with patents


(1) 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.
(2) This section does not apply to professions or vocations.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/89 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-89
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.