[849AB Grant of licence or other right treated as at market value]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[Grants treated as being at market value]

[849AB  Grant of licence or other right treated as at market value]

[(1)     This section applies if—

(a)     a company which holds an intangible asset grants a licence or other right in respect of the asset to a related party, or

(b)     a company is granted a licence or other right in respect of an intangible asset by a related party that holds the asset.

(2)     The grant of the licence or other right is treated for all purposes of the Taxes Acts as being at market value as respects the grantor if—

(a)     the licence or other right was actually granted at less than market value, and

(b)     condition

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