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Home / Simons-Taxes /Business tax /Part B3 Capital allowances /Division B3.6 Patent rights and know-how /Patent rights and capital allowances / B3.608 Patent rights manner of making allowances and charges

B3.608 Patent rights manner of making allowances and charges

Business tax

Qualifying trade expenditure

Patent allowances are treated as expenses of the trade and balancing charges are treated as receipts of the trade¹.

Qualifying non-trade expenditure—income tax

Allowances for a tax year are given by deduction from income from patents (see below) for that year; this deduction is made before

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D1.8101 Groups of companies

C3.1814A CGT exempt assets—qualifying corporate bonds (QCB)

E6.303A Domicile of origin

I3.750 POAT—introduction to existing arrangements

D7.1140 Methods of leaving the REIT regime

B5.123 BPS—negligible value claims

E8.810 Application for a National Insurance number

C1.106A Annual exempt amount

A1.543 Welsh GAAR

E5.406 Employees of European Union delegations—tax exemptions

I5.251 Absolute entitlement by the life tenant

E8.811 National Insurance number—refusal of application

E4.1318 Special mixed fund rules

E4.1146 The PAYE cumulative basis—overview

E1.1435 Appealing transactions in securities counteraction notices

B5.101 What is 'farming' and 'market gardening'

C2.106 Deferred and contingent consideration on disposals

C2.1173 Interaction of the exemption election regime with other capital gains exemptions

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

B2.202 Capital receipts