40 Deduction of income tax at source: intellectual property
Finance Act 2016 (2016 c 24) | Legislation

40  Deduction of income tax at source: intellectual property

(1)     Part 15 of ITA 2007 (deduction from other payments connected with intellectual property) is amended as specified in subsections (2) and (3).

(2)     In section 906 (certain royalties etc where usual place of abode of owner is abroad), for subsections (1) to (3) substitute—

“(1)     This section applies to any payment made in a tax year where condition A or condition B is met.

(2)     Condition A is that—

(a)     the payment is a royalty, or a payment of any other kind, for the use of, or the right to use, intellectual property (see section 907),

(b)     the usual

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