Making use of the patent box
by Paul Davies
1. Active ownership condition
1.1. Not applicable to stand-alone companies
1.2. Group company which meets development condition by performing qualifying development itself
1.3. Special rules where group company does not perform "qualifying development" itself
2. Development condition
2.1. Definition of "Qualifying development"
2.2. Basic rule where claimant carries out "qualifying development"
2.2.1. Special rules where claimant joins or leaves a group
2.3. Group situations where claimant has not carried out "qualifying development"
2.3.1. Special rules apply
3. Qualifying company
3.1. Holds IP rights
3.2. Meets development condition
3.3. Meets active ownership condition if member of patent box group
4. IP rights to which patent box applies
4.1. UK Intellectual Property Office patents
4.2. European Patent Office patents
4.3. Corresponding rights of specified EEA states
4.4. Supplementary protection certificates for medicinal products
4.5. Plant breeders' rights
4.6. Community plant variety rights
5. Relevant IP profits computation - streaming method
5.1. 1. Standard income stream
5.2. 2. Relevant IP income stream
5.2.1. Process level
5.2.2. Product level
5.2.3. Patent level