Capital Allowances Act 2001 section 453

Know-how as property

Section 453 establishes that know-how is to be treated as property for the purposes of the Capital Allowances Act 2001, ensuring that general provisions applying to property also apply to know-how.

• Know-how is legally treated as property under the Capital Allowances Act 2001
• Any reference to the purchase or sale of property automatically includes the acquisition or disposal of know-how
• This treatment allows all general property-related provisions of the Act to apply to know-how without the need for separate specific rules
• For example, rules on apportioning consideration when property is sold will also apply when know-how is sold