Commentary on Sections Overview Overview Section 449: Relief for other persons
1276.This section provides for relief by deduction from income in the case of persons other than individuals. It is based on section 348 of ICTA.
1277.Subsection (1)(c) works together with the repeal of section 51 of ITTOIA to align the approach to patent royalties with that for annual payments. See Change 81 in Annex 1.
1278.Subsection (5) mirrors the rule about “modified net income” in the previous section.