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Starter’s orders

14 August 2012 / Margaret Savory
Issue: 4366 / Categories: Comment & Analysis , Companies
The patent box has arrived. MARGARET SAVORY explains the rules


  • Finance Act 2012 introduces legislation into CTA 2010.
  • Conditions required for the patent box to apply.
  • Deadline for making an election.
  • Identifying relevant IP profits.
  • When to enter the box.

It barely seems a minute ago since we were celebrating that London was going to host the Olympic Games and now they are over.

In a similar vein the patent box proposals were originally mooted in November 2009 and now they are enshrined in legislation.

We as professional tax advisers need to understand the patent box and to advise our clients whether it is appropriate for them to enter the regime.

The patent box also provides a great opportunity for us to understand and get to know our colleagues in the legal and patent attorney professions ...

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