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EI 3: Assigning or granting copyright
or “Spreading income from selling or licensing copyright for creative works”
You could also call this:

“How to spread out income from selling patent rights over three years”

When you earn money from selling a patent application or patent rights, you have a special option for how to report this income. Instead of counting all the money in the year you get it, you can spread it out over three years. This means you can split the income equally between the year you receive it and the next two years. This rule applies to the income described in section CB 30, which talks about selling patent applications or patent rights.

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Next up: EI 4B: Consideration for agreement to grant, renew, extend, or transfer leasehold estate or licence

or “Rules for payments related to land use agreements”
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Part E Timing and quantifying rules
Spreading of specific income

EI 4Spreading income from patent rights

  1. This section applies when a person derives income under section CB 30 (Disposal of patent applications or patent rights).

  2. The person may allocate the income equally between the income year in which they derive it and the following 2 income years.

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Notes
  • Section EI 4(1): amended (with effect on 1 April 2015 and applying for the 2015–16 and later income years), on , by section 242(1) of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 (2016 No 1).