Patent box ― qualifying companies

Produced by a Tolley Corporation Tax expert

Corporation Tax

Guidance

Meaning of qualifying company for the patent box

Only those companies which meet the qualifying company conditions in CTA 2010, s 357B are able to benefit from the reduced rate of corporation tax which can be applied to patent box profits. See the Patent box tax regime ― overview guidance note for more background information on the regime. Standalone companies must satisfy conditions A or B below, and companies which are members of a group must also satisfy condition C, as follows:

•
Condition A is that at any time during the accounting period, the company holds qualifying intellectual property (IP) rights, or holds an exclusive licence in respect of any such rights
•
Condition B is that:
1. ◦
  the company has held a qualifying IP right or exclusive licence (as defined in CTA 2010, s 357BA) in respect of a

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