Income Tax (Trading and Other Income) Act 2005 section 604

Intellectual property: contributions to expenditure not made by public bodies nor eligible for tax relief

Section 604, as modified by Schedule 2 paragraph 129, deals with the transitional treatment of certain contributions to intellectual property expenditure that were made before 27th July 1989.

• Section 604 addresses contributions to intellectual property expenditure that are not made by public bodies and are not eligible for tax relief
• A transitional rule applies specifically to contributions made before 27th July 1989
• For those earlier contributions, the requirement in subsection (3)(b) of section 604 is disapplied
• Contributions made on or after 27th July 1989 remain subject to the full provisions of section 604, including subsection (3)(b)