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Change year: 2010

Section 86 Cost of registration of trade marks

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Notwithstanding anything in section 81, in computing the amount of the profits or gains of any trade, there shall be allowed to be deducted as expenses any fees paid or expenses incurred in obtaining for the purposes of the trade the registration of a trade mark or the renewal of registration of a trade mark.

Can I claim a deduction for the cost of a trade mark?

Yes. In computing your taxable trading profits, you are entitled to deduct the cost of registering, or renewing the registration of, a trade mark.

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