Section 357GCZD — Corporation Tax Act 2010: Acquisition of qualifying IP rights etc by another party to CSA

Acquisition of qualifying IP rights etc by another party to CSA 357GCZD 1 Subsection (2) applies if—

a a company is a party to a cost-sharing arrangement, b a person (“A”) assigns to another party to the arrangement (“P”) a qualifying IP right, c the qualifying IP right is a right in respect of the invention, and d the company makes under the arrangement a payment in respect of the assignment (whether to A or to P).

2 The payment is to be treated for the purposes of section 357BLE as if it were a payment to A in respect of the assignment by A to the company of the right.

3 Subsection (4) applies if—

a a company is a party to a cost-sharing arrangement, b a person (“A”) grants or transfers to another party to the arrangement (“P”) an exclusive licence in respect of qualifying IP right, c the qualifying IP right is a right granted in respect of the invention, and d the company makes a payment under the arrangement in respect of the grant or transfer (whether to A or to P).

4 The payment is to be treated for the purposes of section 357BLE as if it were a payment to A in respect of the grant or transfer by A to the company of the licence.