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Patent Box is an attractive relief for qualifying companies with qualifying IP.
There are primarily two areas to consider:
We consider both areas below.
The relevant income needs to arise in respect of a patent granted by:
Other than that, patents issued in other countries – for example in US – do not qualify for Patent Box relief.
The Company must also meet two main conditions:
The IP must be under:
There is a further condition – the ‘active ownership condition’ that must be satisfied for claims by a group company
The second condition is that the Company must satisfy the development condition.
Here, it must have either:
If you have any queries about this article, the Patent Box, or tax matters generally then please do get in touch.