Relief may be claimed under CTA 2009, s. 924 where a company incurs certain patent application and maintenance expenses. Expenses claimed in this manner must be set against income from patents for the year in which the expenses were incurred, or carried forward to set against such income in future years (s. 925).
Patent application and maintenance expenses
These are defined to include only expenses that a company incurs other than for the purposes of any trade carried on by it (CTA 2009, s. 924). The expenses must be such as would have been allowable as a deduction in calculating the profits of the trade if the person had been trading. The expenses must have been incurred in connection with: