Section 922 — Corporation Tax Act 2009: Rights to acquire future patent rights

Rights to acquire future patent rights 922 1 If a sum is paid to obtain a right to acquire future patent rights, then for the purposes of this Chapter—

a the payer is treated as purchasing patent rights for that sum, and b the recipient is treated as selling patent rights for that sum.

2 If a person—

a pays a sum to obtain a right to acquire future patent rights, and b subsequently acquires those rights, the expenditure is to be treated for the purposes of this Chapter as having been expenditure on the purchase of those rights.

3 In this section “ a right to acquire future patent rights ” means a right to acquire in the future patent rights relating to an invention in respect of which the patent has not yet been granted.