How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask UKSolicitorJA Your Own Question
UKSolicitorJA, Solicitor
Category: Property Law
Satisfied Customers: 4312
Experience:  English solicitor with over 12 years experience
Type Your Property Law Question Here...
UKSolicitorJA is online now

Does property law section cover IPR questions?

This answer was rated:

Does property law section cover IPR questions?
-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.

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:

May I help further?

UKSolicitorJA and other Property Law Specialists are ready to help you