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Home / Simons-Taxes /Administration and compliance /Part A4 Returns, assessment and collection /Division A4.4 Deduction of tax at source /Deduction of tax from payments connected with intellectual property / A4.442 Deduction of tax from proceeds of sale of patent rights
Commentary

A4.442 Deduction of tax from proceeds of sale of patent rights

Administration and compliance

Subject to any exemption under a double taxation agreement, ITA 2007, s 910 applies where a non UK-resident sells the whole or any part of any patent rights, so that the person by or through whom the proceeds of sale are paid must, on making any payment of the proceeds or an instalment of the proceeds, deduct from it a sum representing income tax on the 'chargeable amount' at the basic rate in force for the year of payment1.

The duty

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