Part 9 Patent Allowances
Capital Allowances Act 2001 (2001 c 2) | Legislation

Part 9 Patent Allowances

Expenditure incurred before 1st April 1986

Scope of paragraphs 93 to 101

92

(1)     Paragraphs 93 to 101 apply to capital expenditure incurred by a person before 1st April 1986 on the purchase of patent rights.

(2)     Chapters 2 to 4 of Part 8 do not apply to such expenditure, except for certain provisions which are specifically applied by paragraph 101.

Qualifying expenditure and unrelieved qualifying expenditure

93

(1)     In this paragraph and paragraphs 94 to 101, “qualifying expenditure†means capital expenditure incurred before 1st April 1986 on the purchase of patent rights.

(2)     The result of Steps 1 to 3 is the unrelieved qualifying expenditure for a chargeable period.

Step 1

Take an item of qualifying expenditure.

Step 2

Subtract any writing-down allowances made in respect of that expenditure for earlier chargeable periods.

Step 3

If the person who incurred the expenditure sold any part of the patent rights before the beginning of the chargeable period, subtract the net proceeds of sale (so far as they consist of capital sums).

Entitlement to writing-down allowances

94

(1)     A writing-down allowance is made for a chargeable period in respect of an item of qualifying

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