Commentary on Sections Overview Chapter 3: Sales of Patent Rights Section 921: Licences connected with patents
2330.This section provides that certain matters relating to the acquisition or grant of a licence in respect of patent rights are treated for the purposes of the Chapter as a purchase or (as the case may be) sale of patent rights. The section is based on section 533 of ICTA. The corresponding rule for income tax is in section 597 of ITTOIA.