Consideration received for the disposal of know-how is charged to income tax by ITTOIA 2005, s. 583 on the individual who receives the consideration (ITTOIA 2005, s. 586).

Know-how, for these purposes, is defined as any industrial information or techniques likely to assist in:

manufacturing or processing goods or materials;

working sources of natural mineral deposits and geothermal energy, including searching for, discovering, testing and obtaining access to those deposits or energy;

agricultural, forestry or fishing operations

(ITTOIA 2005, s. 583(4), (5)).

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