Patent Box : new regime : transfer of trade provisions
There are special rules relating to the new regime when there has been a transfer of a trade or a part trade, regardless of whether the companies are part of the same group. CIRD240160 explains
the conditions which need to be met for CTA10/s357GCA to apply
the requirements in relation to inheriting any grandfathered status
the requirements in relation to inheriting the components of the R&D fraction
-what to include as an acquisition cost (A in the R&D fraction).
To ensure that this section is not overlooked when considering the new regime please follow the link to CIRD240160
CIRD240160 also sets out the rules concerning relevant IP losses when a trade has been transferred for the old and new regimes, which is why it is in the chapter on losses.