Anne Fairpo continues our series on the taxation of intellectual property this week concentrating on the tax consequences of exploiting intellectual property assets
Intellectual property is generally owned in order to be exploited; whereas the rights relating to intellectual property are negative rather than positive — they allow the owner to stop others from using the protected property — the property itself only has value to the extent that it is either exploited or is capable of being exploited.
Exploitation may be either by:
● direct use — where the owner uses the intellectual property as the basis for products and/or services which generate income; or
● licence — licensing intellectual property ensures that the owner retains the rights to that property and can...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Anne Fairpo continues our series on the taxation of intellectual property this week concentrating on the tax consequences of exploiting intellectual property assets
Intellectual property is generally owned in order to be exploited; whereas the rights relating to intellectual property are negative rather than positive — they allow the owner to stop others from using the protected property — the property itself only has value to the extent that it is either exploited or is capable of being exploited.
Exploitation may be either by:
● direct use — where the owner uses the intellectual property as the basis for products and/or services which generate income; or
● licence — licensing intellectual property ensures that the owner retains the rights to that property and can...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
90a1d87b-c1b5-43c3-a720-cd324830adee.tmb-editorspic.jpg?sfvrsn=1b2d0a7e_1)
