Corporation Tax Act 2010 section 357CC

Relevant IP income

Section 357CC previously defined what counted as relevant intellectual property (IP) income for the purposes of the Patent Box regime, but has been removed from the legislation.

• Section 357CC originally set out the definition of "relevant IP income" used in calculating the Patent Box tax benefit.
• The section was omitted (repealed) by Finance Act 2016, Schedule 9, paragraph 6.
• The removal took effect from 15 September 2016.
• Any relevant IP income calculations for periods from that date onward must follow the replacement provisions introduced by Finance Act 2016.