Taxes Consolidation Act 1997 section 86

Cost of registration of trade marks

Section 86 provides that the cost of registering, or renewing the registration of, a trade mark used in a trade is allowable as a tax-deductible expense when computing the taxable profits of that trade.

• The cost of registering a trade mark for the purposes of a trade is an allowable deduction against trading profits.
• The cost of renewing the registration of a trade mark is equally deductible.
• The trade mark must be used for the purposes of the trade in question.
• The deduction is available in computing the profits or gains of the trade for tax purposes.