Commentary on Sections Glossary Structure of this Part Overview
1596.This Chapter introduces know-how allowances. They are given to traders who incur qualifying expenditure. Chapter 2 defines “qualifying expenditure” and contains the condition that the person must be a trader. This Chapter defines “know-how” and treats it as property.
1597.Section 452 requires qualifying expenditure on acquiring know-how in order for allowances to be given and defines “know-how”.
1598.Section 453 treats know-how as property.