Corporation Tax Act 2009 section 1139

"Intellectual property"

Section 1139 defines "intellectual property" for the purposes of the Corporation Tax Act 2009, providing a comprehensive list of the types of rights and intangible assets that fall within this term.

• Intellectual property includes patents, trade marks, registered designs, copyright, design right, and plant breeders' rights.
• The definition also covers rights under the law of a country or territory outside the United Kingdom that correspond to any of these UK-recognised rights.
• Rights of a similar nature to any of the listed categories are also included, ensuring the definition is broad enough to capture equivalent protections that may not fit neatly into one specific category.
• The definition originates from earlier legislation (paragraph 7 of Schedule 20 to the Finance Act 2000) and was subsequently amended by the Finance (No. 3) Act 2010.

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