Corporation Tax Act 2009 section 910

Profits charged under section 908

Section 910 explains how to calculate the taxable profit when a company disposes of know-how that is charged to tax under section 908.

• Taxable profit is the disposal consideration received, minus any expenditure incurred wholly and exclusively on acquiring or disposing of the know-how
• Expenditure used in this calculation cannot be deducted more than once, whether under this section or any other provision
• Any contributions made by third parties towards the company's expenditure may reduce the allowable deduction, as set out in section 926
• The calculation applies specifically to know-how disposals that fall within the charge to tax under section 908