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Abolition of exemption for certain income derived from patent royalties and related distributions.
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26.— The Principal Act is amended—
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(a) in section 141 by inserting the following after subsection (10):
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“(11) This section shall not apply to distributions made out of disregarded income on or after 24 November 2010.”,
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and
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(b) in section 234 by inserting the following after subsection (8):
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“(9) This section shall not apply to income from a qualifying patent which is paid to a person on or after 24 November 2010.”.
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