TAXATION OF LNTELLECTUAL PROPERTYPDF电子书下载

Chapter 1 Introduction 2

What is intellectual property？ 2

Business intellectual property 3

Use of intellectual property in business 5

Overview of transactions involving intellectual property 6

Overview of tax issues affecting intellectual property 7

Differences in approach to intellectual property between legal and tax/accountacy 8

Chapter 2 Introduction to intellectual property 9

Introduction 9

Location of intellectual property 10

What is intellectual property？ 11

Patents 12

Data exclusivity and supplementary protection certificates 17

Copyright 18

Design rights and registered designs 20

Trademarks 23

Know-how and show-how 25

Other intellectual property rights 26

Tax definition of intellectual property： corporate tax 29

Perspectives： tax/accounting versus legal 29

Legal characteristics of intellectual property 30

Chapter 3 Creating intellectual property 34

Introduction 34

Who do these rules apply to？ 35

Business： trade， profession or vocation 36

Is the expenditure on creating the intellectual property classed as capital or revenue？ 39

Revenue expenditure 44

Capital expenditure 49

Income from assisting with creating intellectual property 52

Checklist 53

Chapter 4 Research and development allowances 55

Introduction 55

Qualifying research and development 56

Qualifying expenditure 56

Tax deduction 58

Tax charge on disposal 59

Adjustments 61

Checklist 63

Chapter 5 Acquiring intellectual property—individuals and non-corporates 65

Introduction 65

Acquisition expenditure 66

General rules 69

Patents 71

Copyright 82

Know-how and show-how 86

Checklist 90

Chapter 6 Exploiting intellectual property 92

Introduction 92

Exploitation or disposal？ 93

Expenditure 95

Receipts： general rules 95

Revenue or capital？ 96

International aspects 98

Patents 100

Copyright 102

Know-how 103

Checklist 104

Chapter 7 Disposing of intellectual property 106

Introduction 106

Part-disposals 107

Receipts： general rules 107

Particular issues 111

Paten ts 112

Copyright 117

Know-how 118

Other unregistered intellectual property 120

Checklist 120

Chapter 8 Corporate intangibles tax rules： introduction 124

Introduction 124

GAAP-compliant accounts 125

What is an intangible fixed asset？ 126

When is intellectual property excluded from the intangibles rules？ 129

Related parties 133

Checklist 134

Chapter 9 Creating intellectual property 135

Introduction 135

Relevant intellectual property assets 136

Deductible expenditure 136

Excluded expenditure 136

How much is deductible？ 138

Effect of accounting debits on tax computation 139

Checklist 140

Chapter 10 Research and development expenditure 141

Introduction 141

Qualifying ‘research and development’？ 142

Research and development tax relief 153

Payable research and development tax credit 173

Large companies’ relief 178

Refunds of expenditure 182

Anti-avoidance 182

Administration 182

Vaccine research relief 183

Research and development allowances 187

Checklist 187

Chapter 11 Acquisition of intellectual property by companies 189

Introduction 189

Relevant intellectual property 190

Expenditure 191

Capitalised costs 194

Withholding tax 199

Checklist 201

Chapter 12 Exploitation of intellectual property by companies 202

Introduction 202

Revenue recognition 204

Receipts 210

Part-realisation： exclusive licences 211

Effects of debits and credits on computation 216

Double tax relief 217

Checklist 218

Chapter 13 The patent box 220

Introduction 220

Who can claim？ 221

Qualifying intellectual property 222

Qualifying companies 225

Group companies 231

Calculating the patent box relief 232

Standard calculation 233

Streaming calculation 254

Patent box losses 259

Anti-avoidance 263

Summary 264

Checklist 265

Chapter 14 Disposals of intellectual property by companies 268

Disposal or realisation 268

Deemed disposal or realisation 269

General rules 269

Specific situations 273

Roll-over relief 275

Other reliefs 283

Checklist 283

Chapter 15 Value Added Tax 285

Introduction 285

Charging VAT 287

Supplies to UK businesses from outside the UK： the reverse charge 294

Supplies to UK consumers from outside the UK 295

Use and enjoyment 295

Digitised goods and electronically supplied services： licences of intellectual property to consumers 297

Research and development 300

Checklist： place of supply and VAT charge 303

Chapter 16 International intellectual property tax issues and planning 305

Introduction 305

UK tax residence 307

Importing intellectual property into the UK 311

Exporting intellectual property from the UK 319

Transfer pricing 322

Controlled foreign companies 330

Individuals： overseas income and gains 334

UK tax treaties 336

Domestic relief 338

EU Interest and Royalties Directive 340

International comparisons 341

Chapter 17 Intellectual property transactions 344

Licensing 344

Transfer or assignment of intellectual property 351

Litigation 355

Reconstructions： transfer of trade 359

Mergers and acquisitions 361

Software 363

Websites 369

Chapter 18 Structures and businesses 372

Joint ventures 373

Structures： cost-sharing arrangements 377

Transactions between connected or related parties 385

Intellectual property holding companies 390

UK group companies 401

Group transactions 409

Leaving the group following an intra-group transfer 413

Roll-over relief in groups 422

Intellectual property tax incentives： effect of being in a group 426

Types of intellectual property business 429

Creative professionals： authors， artists， composers etc 429

Hobbyist inventors 444

Performers： actors， musicians etc， and sportsmen 445

Film production companies： rules and reliefs 453

Research companies 467

Franchises 469

Manufacturing and services 474

Trading in intellectual property 475

Intellectual property investment 475

Index 477