Section 357GC — Corporation Tax Act 2010: Meaning of “cost-sharing arrangement

Meaning of “cost-sharing arrangement 357GC 1 This section applies for the purposes of this Part.

2 A “cost-sharing arrangement” is an arrangement under which—

a each of the parties to the arrangement is required to contribute to the cost of, or undertake activities for the purpose of, creating or developing an item or process, b each of those parties—

i is entitled to a share of any income attributable to the item or process, or ii has one or more rights in respect of the item or process, and c the amount of any income received by each of those parties is proportionate to its participation in the arrangement as described in paragraph (a). 3 “ Invention ”, in relation to a cost-sharing arrangement, means the item or process that is the subject of the arrangement (or any item or process incorporated within it).