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UKSolicitorJA
UKSolicitorJA, Solicitor
Category: Property Law
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Experience:  English solicitor with over 12 years experience
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Does property law section cover IPR questions?

Resolved Question:

Does property law section cover IPR questions?
Submitted: 3 years ago.
Category: Property Law
Expert:  UKSolicitorJA replied 3 years ago.
-Could you explain your situation a little more?
Customer: replied 3 years ago.

Sure, I just need a viewpoint on the following:


Currently have a Joint venture with another company. We jointly develop and sell some software. To allow for better growth, branding etc, we just want to create a new company and use that in future. We currently share profits etc 50/50 and would have a 50/50 ownership in the new company. The question is whether we can simply transfer the IPR of the software (which we technically own 50/50) into the new company without any tax implications. We're not selling anything, we're keeping the same ownership effectively and there are no patents or registered rights. Just seeking a second opinion on whether this is likely to be relatively straightforward to do.


Expert:  UKSolicitorJA replied 3 years ago.

Thank you John,

What you are proposing to do is known as an "intra group transfer" which would be tax neutral.

 

You may see here for further information:

 

http://taxnotes.co.uk/corporate-tax/corporate-tax-groups-intra-group-transfers-are-tax-neutral/

May I help further?

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