Selling patents for profit
Businesses in North East Scotland already generate more patent applications than anywhere else in the UK outside Cambridge.
A team from Johnston Carmichael is working with HMRC to ensure that Small and Medium Sized Enterprises (SMEs) are able to take full advantage of the reduced rates of corporation tax on profits from patented inventions or processes that apply from 1 April 2013.
The new laws, dubbed “The Patent Box”, will benefit companies that generate income from patent rights that they own or for which they have exclusive licences, for example, by selling or renting products that contain a patented component or by using a patented process in the course of providing a service. The relief will be phased in over four years and will reduce the effective rate of corporation tax on patent box profits to 10% from 1 April 2017.
To earn entitlement to this generous tax incentive, companies have to be involved in developing qualifying patents and be committed to conducting further research. Qualifying patents include those granted by the UK IP Office or the European Patent Office. Patents issued by some further specified EEA countries also qualify. To qualify, companies must create or significantly contribute to the creation of the patented invention, or perform a significant amount of activity to develop the patented invention, product or process that incorporates it.
Source: Johnston Carmichael Blog
You might also like:
Sonia Shah of South End Press Interviews Michael Albert
Michael Albert was a founding member of South End Press, Z Magazine, the Z Media Institute, and ZNet; has been active in movements since the late 1960s; has authored numerous books and articles, speaks publicly often, is a member of OLS; and is currently highly active as the system operator o...pring of humane and equitable aspirations continually pushing people, from within their own lives, toward anger at oppression and desire for some new way forward. But I also see a left that by its resource limitations not only doesnt find these people and communicate with them, but, when it does, by its character limitations often actually pushes them away. We have to do something about this. Z
Why buy new? Thrift shops merge hunger for greenness and bargains — Elgin Courier News
In numbers of stores, Goodwill also is the dominant player in Fox Valley thrift-selling. Goodwill Industries of Southeastern Wisconsin owns and operates store donation centers at 260 Randall Road in South Elgin; 7777 Miller Road in Carpentersville; 140 S.
Multi-unit growth through multiple brands: multiple franchise options offer unlimited potential for both franchisors and their franchisees.(MULTI-UNIT ... Inc.): An article from: Franchising World
Book (International Franchise Association)
- Selling patent tax
- Selling patented product
- Kodak Selling Patent Portfolio
- Selling patent plants
- Selling Patent for royalties