½Û×ÓÊÓƵ

B5.312A Royalties and other income from intellectual property

Where royalties and other income from intellectual property are not included in the profits of a trade or profession, the income will nevertheless be chargeable to tax. Different rules apply for income tax and corporation tax purposes.

For corporation tax purposes, royalties etc are chargeable under the corporate intangible regime see Division D1.6.

Subject to the deductions listed below, income tax is charged on royalties and other income from intellectual property arising in a tax year under a stand-alone charge within the miscellaneous income category¹. Intellectual property is defined as²

1. Ìý

   •ÌýÌýÌýÌý patents, trade marks, registered designs, copyrights, design rights, performer's rights or plant breeder's rights

2. Ìý

   •ÌýÌýÌýÌý similar rights under the law of any part of the UK

3. Ìý

   •ÌýÌýÌýÌý corresponding rights under the law of a territory outside